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Author Question: One reason why McDonald's charges a single price for its products is that it is difficult and costly ... (Read 122 times)

javeds

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on: Jun 29, 2018
One reason why McDonald's charges a single price for its products is that it is difficult and costly for the company to determine each individual consumer's willingness to pay.
 
  Indicate whether the statement is true or false

Question 2

Suppose a firm uses labor and capital to produce output. The last unit of labor hired has a marginal product of 12 units of output, and the last unit of capital employed has a marginal product of 20 units.
 
  Use the optimal combination of inputs rule to calculate the price of capital if the price of labor is 6 per unit. The price of capital is
  A) 2.
  B) 10.
  C) 20.
  D) impossible to determine with the information given.
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amy.lauersdorf90

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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javeds

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Reply #2 on: Jun 29, 2018
Thank you :)


amy.lauersdorf90

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Reply #3 on: Jun 29, 2018
Happy to help you


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