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Author Question: After getting an A on your economics exam, you decide to go to your favorite Mexican restaurant to ... (Read 156 times)

renzo156

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on: Jun 29, 2018
After getting an A on your economics exam, you decide to go to your favorite Mexican restaurant to celebrate. You are having trouble deciding whether to order the chipotle chicken chimichanga or the cilantro seafood enchiladas.
 
  Use the rule of equal marginal utility per dollar to determine which one to purchase: (a) the chimichanga for 8 which gives you 120 units of utility, or (b) the enchiladas for 15 which gives you 195 units of utility?

Question 2

After selling 1,000 three-ring binders Tony DiFulvio realizes that the marginal revenue from selling the last binder was less than the marginal cost. From this we can conclude that
 
  A) Tony should shut down his business temporarily.
  B) Tony's profit would be greater if he sold an additional three-ring binder.
  C) Tony's business earns a short-run economic profit.
  D) Tony's profit fell after selling his 1,000th three-ring binder.
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Moriaki

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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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renzo156

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


Moriaki

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


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