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

Author Question: The Hound Dog Bus Company contemplates expanding its New Mexico operations by offering service from ... (Read 26 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
The Hound Dog Bus Company contemplates expanding its New Mexico operations by offering service from Raton to Milk-of-Magnesia. The total cost of the trip would be 400, of which 150 is fixed cost, which it has already paid. The firm expects to earn 275 in revenue from the trip. The Hound Dog Bus Co should
 a. offer this service because it will earn a positive economic profit
  b. not offer this service because the marginal revenue is less than the marginal cost
  c. offer this service because the revenue exceeds fixed cost
  d. not offer this service because the total cost exceeds the total revenue
  e. offer this service because the added revenue exceeds the added cost of this service

Question 2

For a monopolist, if marginal revenue is 40, total revenue is
 a. increasing
  b. decreasing
  c. zero
  d. positive
  e. negative


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sokh

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

A


arivle123

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
:D TYSM

nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

This slave burial service, painted by John Antrobus in 1860, reflects an inversion of power relation This slave burial service, painted by John Antrobus in 1860, reflects an inversion of power relation
The Two-Step Persuasion Technique to Encourage Community Service The Two-Step Persuasion Technique to Encourage Community Service
Ana Mendieta, Untitled, 1976. From Silueta Works in Mexico. Ana Mendieta, Untitled, 1976. From Silueta Works in Mexico.
Schematic Diagram of Agitation Apparatus and other equipment (CHE415 Unit Operations) Schematic Diagram of Agitation Apparatus and other equipment (CHE415 Unit Operations)
Shiprock, New Mexico – a volcanic neck Shiprock, New Mexico – a volcanic neck
Expanding, simplifying, and factoring quadradtics Expanding, simplifying, and factoring quadradtics
Video: Apicomplexan life cycle Animation

For a complete list of videos, visit our video library