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Author Question: The table above gives production information for Bob's Baseball Cap Company. Bob's total cost when ... (Read 54 times)

CharlieWard

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on: Jun 29, 2018
The table above gives production information for Bob's Baseball Cap Company. Bob's total cost when zero caps are produced is 200 and workers cost 10 per hour. The marginal cost per hat of producing 30 hats per hour (instead of 25 ) is
 
  A) 240.00 per hat.
  B) 250.00 per hat.
  C) 8.33 per hat.
  D) 2.00 per hat.

Question 2

Lizzie's preferences are shown in the figure above. Lizzie definitely prefers consuming ________ to consuming ________.
 
  A) 1 comic book and 12 cookies; 4 comic books and 4 cookies
  B) 2 comic books and 12 cookies; 4 comic books and 8 cookies
  C) 4 comic books and 12 cookies; 2 comic books and 12 cookies
  D) 6 comic books and 12 cookies; 8 comic books and 16 cookies


lgoldst9

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


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