Author Question: Anthony's Accountants is the only employer of accountants in the island of Fairisle. The table gives ... (Read 116 times)

michelleunicorn · **on:** Jun 29, 2018

Anthony's Accountants is the only employer of accountants in the island of Fairisle. The table gives the demand and supply of accountants on Fairisle. The marginal cost of hiring a sixth accountant is ________ an hour.

A) 20
B) 15
C) 25
D) 45

Question 2

The above table gives the demand and supply schedules for cat food. If the price is 1.

00 per pound of cat food, will there be a shortage, a surplus, or is this price the equilibrium price? If there is a shortage, how much is the shortage? If there is a surplus, how much is the surplus? If 3.00 is the equilibrium price, what is the equilibrium quantity?

joshbk44 · **Reply #1 on:** Jun 29, 2018

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