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Author Question: La Bella Pizza is the only pizza place on Pepper Island. The figure above shows La Bella Pizza's ... (Read 96 times)

genevieve1028

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on: Jun 29, 2018
La Bella Pizza is the only pizza place on Pepper Island. The figure above shows La Bella Pizza's demand curve, marginal revenue curve, and marginal cost curve. At La Bella Pizza's profit-maximizing output, its annual total revenue is
 
  A) 168,000.
  B) 312,000.
  C) 336,000.
  D) 624,000.

Question 2

Cindy's Sweaters' production function is shown in the above table. Cindy rents two knitting machines for 30 a day each and hires workers at a wage rate of 40 a day. What is the marginal cost of the 19th sweater?
 
  A) 40.00
  B) 20.00
  C) 10.00
  D) 8.00


wshriver

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

B

Answer to Question 2

B


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