Microeconomics

Replies / Views	Last post
What is the marginal revenue from producing the fourth unit? a. 90 b. 50 c. 20 d. ... Started by misspop	1 Replies 15 Views	Jul 1, 2018 by TheNamesImani
How many units should the profit maximizing firm produce? a. 1 b. 2 c. 3 d. ... Started by ishan	1 Replies 17 Views	Jul 1, 2018 by IAPPLET
What are the total profits if four units are produced? a. 40. b. 70. c. -30. d. ... Started by lak	1 Replies 19 Views	Jul 1, 2018 by janeli1
What is the average cost per unit for producing 3 units? a. 200. b. 260. c. 70. d. ... Started by ss2343	1 Replies 52 Views	Jul 1, 2018 by leahchrapun
What is the average cost per unit if the firm produces 5 units? a. 196 b. 980 c. 182 d. ... Started by imanialler	1 Replies 27 Views	Jul 1, 2018 by duy1981999
What is the marginal cost of the 5th unit? a. 100 b. 105 c. 110 d. ... Started by shofmannx20	1 Replies 27 Views	Jul 1, 2018 by jointhecircus
A student is trying to decide whether to study for the upcoming exam or play video games. The ... Started by itsmyluck	1 Replies 157 Views	Jul 1, 2018 by Sammyo
Which of the following is FALSE? a. Increase production if MR>MC b. Produce where MR=MC c. ... Started by lindiwe	3 Replies 17 Views	Jul 1, 2018 by Joc
At the current level of production, if the firm's MR>MC, then the firm should a. produce more b. ... Started by mckennatimberlake	1 Replies 41 Views	Jul 1, 2018 by janieazgirl
Farmer John can produce as much corn as he wants at the going price of 48 per bushel. At his current ... Started by savannahhooper	1 Replies 84 Views	Jul 1, 2018 by joshraies
What is the marginal revenue from selling the third unit? a. 50 b. 100 c. 150 d. ... Started by anjilletteb	1 Replies 22 Views	Jul 1, 2018 by cam1229
What is the average cost of producing three units? a. 200 b. 100 c. 50 d. ... Started by OSWALD	1 Replies 42 Views	Jul 1, 2018 by amanda_14
How many units should Harvey's Housewares produce? a. 1 unit b. 2 units c. 3 units d. Zero units, ... Started by colton	1 Replies 262 Views	Jul 1, 2018 by gabrielle_lawrence
An airline's flight is about to take off. It has a few empty seats left aboard. If it lowers its ... Started by clmills979	1 Replies 57 Views	Jul 1, 2018 by sylvia
Cruise liners offer last minute deals because a. The marginal cost is higher than the marginal ... Started by s.tung	1 Replies 20 Views	Jul 1, 2018 by ashely1112
If Marginal Cost (MC) is higher than Average Cost (AC), average cost is a. falling b. rising c. ... Started by olgavictoria	3 Replies 56 Views	Jul 1, 2018 by moormoney
If Marginal cost is lower than Average Cost (AC), average cost is a. falling b. rising c. constant ... Started by jho37	1 Replies 44 Views	Jul 1, 2018 by tanna.moeller
Food Fanatics caters meals where their cost of producing an extra meal is 25 . Each of their meals ... Started by mikaylakyoung	1 Replies 131 Views	Jul 1, 2018 by gabrielle_lawrence
Food Fanatics caters meals where their cost for producing an extra meal is 20 . Each of their meals ... Started by Lobcity	1 Replies 1,297 Views	Jul 1, 2018 by sylvia
You own a tract of trees and are deciding whether to harvest them now or next year. If you harvest ... Started by haleyc112	1 Replies 98 Views	Jul 1, 2018 by Zebsrer
The main difficulty in applying marginal analysis is a. calculating total cost b. determining which ... Started by kshipps	1 Replies 27 Views	Jul 1, 2018 by Kingjoffery
What is the Customer Acquisition Cost? a. Total cost of customers b. Average cost per customer c. ... Started by bobbysung	1 Replies 104 Views	Jul 1, 2018 by InfiniteSteez
Marginal cost typically ________ and marginal revenue typically _________ with increasing output. ... Started by pragya sharda	1 Replies 25 Views	Jul 1, 2018 by tashiedavis420
A widget producer is deciding whether to compensate widget makers on a salary basis or a per unit ... Started by aabwk4	3 Replies 53 Views	Jul 1, 2018 by kalskdjl1212
Group disaster Mary, Jane, Janet and Samantha chose each other for a group project since they knew ... Started by yoroshambo	1 Replies 57 Views	Jul 1, 2018 by shaikhs