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Author Question: Labor is the only variable input for Elliot's dog-walking service. His labor costs are $300 a day ... (Read 38 times)

drink

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on: Apr 19, 2019

Question 1

In the short run marginal cost is positive and decreasing at output levels where total variable cost is ________ at a(n) ________ rate.


◦ increasing; increasing
◦ increasing; decreasing
◦ decreasing; increasing
◦ decreasing; decreasing

Question 2

Labor is the only variable input for Elliot's dog-walking service. His labor costs are $300 a day and his service walks 25 dogs per day. His labor costs increase to $315.50 a day to walk 26 dogs per day. The marginal cost of walking that 26th dog is


◦ $15.50.
◦ $19.50.
◦ $29.50.
◦ indeterminate from the information given.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by drink on Apr 19, 2019

carlsona147

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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drink

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

upturnedfurball

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Reply 3 on: Yesterday
Wow, this really help

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