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Author Question: Expected wealth is a weighted average in which the weights are A) average utilities. B) marginal ... (Read 70 times)

jessicacav

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on: Jun 29, 2018
Expected wealth is a weighted average in which the weights are
 
  A) average utilities.
  B) marginal utilities.
  C) total utilities.
  D) probabilities.

Question 2

The table above gives costs at Jan's Bike Shop. Unfortunately, Jan's record keeping has been spotty. Each worker is paid 100 a day. Labor costs are the only variable costs of production. What is the total fixed cost of producing 64 bikes?
 
  A) 200
  B) 300
  C) 400
  D) 500


kingfahad97

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

D

Answer to Question 2

A


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