This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Katie has a choice of spending 6.00 for another hamburger, which has a marginal utility of 30, or ... (Read 95 times)

karlynnae

  • Hero Member
  • *****
  • Posts: 599
on: Jun 29, 2018
Katie has a choice of spending 6.00 for another hamburger, which has a marginal utility of 30, or 9.00 for another pizza. For her to choose the pizza, it would have to have a marginal utility of at least
 
  A) 9.
  B) 30.
  C) 31.
  D) 46.

Question 2

Carol's Candies is producing 150 boxes of candy a day. Carol's marginal revenue and marginal cost curves are shown in the figure above. To increase her profit, Carol should
 
  A) increase her output.
  B) decrease her output.
  C) maintain the current level of output because it gives her the maximum profit.
  D) Not enough information is given to determine if Carol should increase, decrease, or not change her level of output.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

heinisk01

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


karlynnae

  • Hero Member
  • *****
  • Posts: 599
Reply #2 on: Jun 29, 2018
Thank you


heinisk01

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

“Career choice” for many women means leaving their paid jobs for a number of years when they ... “Career choice” for many women means leaving their paid jobs for a number of years when they ...
Growth of Government Spending, 1870–2009 Growth of Government Spending, 1870–2009
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Gr. 12 Chem Multiple Choice Gr. 12 Chem Multiple Choice
Which of the buffers below would be the BEST choice for making a solution capable of buffering ... Which of the buffers below would be the BEST choice for making a solution capable of buffering ...
Increase in total spending in presidential campaigns, 1976-2020 Increase in total spending in presidential campaigns, 1976-2020
Video: Krebs cycle : Formation of acetyl coenzyme A and Electron transport chain

For a complete list of videos, visit our video library