This topic contains a solution. Click here to go to the answer

Author Question: The above figure shows the costs at Barney's Bagel Bakery. For which of the following levels of ... (Read 114 times)

imowrer

  • Hero Member
  • *****
  • Posts: 514
The above figure shows the costs at Barney's Bagel Bakery. For which of the following levels of output does the average product of labor exceed the marginal product of labor?
 
  A) at 1000 bagels daily
  B) at 2000 bagels daily
  C) at 3000 bagels daily
  D) all of the above

Question 2

In the figure above, S is the supply curve and D is the demand curve in the unregulated, competitive market for gasoline in Motorland. The external cost of gasoline is constant at 1.50 per gallon.
 
  The unregulated, competitive market for gasoline in Motorland A) produces the efficient quantity of gasoline.
  B) overproduces by 0.2 million gallons of gasoline a month.
  C) underproduces by 0.1 million gallons of gasoline a month.
  D) overproduces by 0.1 million gallons of gasoline a month.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tuate

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

C

Answer to Question 2

D




imowrer

  • Member
  • Posts: 514
Reply 2 on: Jun 29, 2018
Wow, this really help


rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

For a complete list of videos, visit our video library