« previous next »

Author Question: Refer to Table 12-1. Suppose the fixed cost of production rises by 500 and the price per unit is ... (Read 46 times)

mcmcdaniel

  • Hero Member
  • *****
  • Posts: 550
on: Jun 29, 2018
Refer to Table 12-1. Suppose the fixed cost of production rises by 500 and the price per unit is still 8. What happens to the firm's profit-maximizing output level?
 
  A) It must rise to offset the increased cost. B) It must fall.
  C) The firm will shut down. D) It will remain the same.

Question 2

Refer to Table 10-7. What is Antonio's marginal utility from consuming the fifth beer?
 
  A) 4 utils B) 13.6 utils C) 69 utils D) 134 utils


zacnyjessica

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes. Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes.
Juan Gris, The Table. Juan Gris, The Table.
Mixing schematic Diagram CHE 415 unit operations experiment apparatus Mixing schematic Diagram CHE 415 unit operations experiment apparatus
Unit Pricing Comparison Unit Pricing Comparison
ATP Production in Cardiac Muscle ATP Production in Cardiac Muscle
Satellite data showing net primary production. Productivity is coded as red (highest) down through o Satellite data showing net primary production. Productivity is coded as red (highest) down through o
Video: Phlebotomy

For a complete list of videos, visit our video library