« previous next »

Author Question: Jim' burger produces 500 burgers per week. Each burger is priced at 3 . A business ordered 750 ... (Read 113 times)

pane00

  • Hero Member
  • *****
  • Posts: 579
on: Jul 1, 2018
Jim' burger produces 500 burgers per week. Each burger is priced at 3 . A business ordered 750 burgers for an upcoming event. Jim decided to offer a discount by reducing the price of the burgers to 2.50 for the party. What is the marginal revenue of selling the 50th burger for the party?
 a. 3
  b. 2.50
  c. 0.50
  d. It cannot be determined with the information given

Question 2

A potential problem arises in principal-agent relationships
 a. because the agents and the principals have identical goals
 b. because the principals may want to minimize his profits, while the agent may want to maximize them
  c. because the agents may have different goals from the principals
 d. the goals of principals and agents are irrelevant


at

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

5 week embryo 5 week embryo
A photograph of Commodore Matthew Perry in 1855 juxtaposed with a Japanese portrait of him. When Per A photograph of Commodore Matthew Perry in 1855 juxtaposed with a Japanese portrait of him. When Per
Secondary response begins more rapidly after exposure to antigen, produces more antibodies, and ... Secondary response begins more rapidly after exposure to antigen, produces more antibodies, and ...
International Business Management International Business Management
Business Math Business Math
One generation of random mating produces Hardy–Weinberg equilibrium One generation of random mating produces Hardy–Weinberg equilibrium
Video: DNA Replication Factory and Protein

For a complete list of videos, visit our video library