« previous next »

Author Question: Wendell can sell five motor homes per week at a price of 22,000. If he lowers the price of motor ... (Read 71 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
on: Jun 29, 2018
Wendell can sell five motor homes per week at a price of 22,000. If he lowers the price of motor homes to 20,000 per week he will sell six motor homes. What is the marginal revenue of the sixth motor home?
 
  A) 10,000 B) 12,000 C) 20,000 D) 22,000

Question 2

Refer to Figure 12-9. At price P2, the firm would
 
  A) lose an amount more than fixed cost. B) break even.
  C) lose an amount less than fixed cost. D) lose an amount equal to its fixed cost.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


itsakadoozi

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

An Overview of Perceptual, Stimulus–Response (S-R), and Motor Learning An Overview of Perceptual, Stimulus–Response (S-R), and Motor Learning
Holy Week in Spain Holy Week in Spain
Holy Week in Spain Holy Week in Spain
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Embryonic Period - 4th week Embryonic Period - 4th week
Simplified Motor Score Simplified Motor Score
Video: ATPase function - membrane transport, contractile proteins and synthesis

For a complete list of videos, visit our video library