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Author Question: Refer to Table 12-1. Suppose the fixed cost of production rises by 500 and the price per unit is ... (Read 86 times)

mcmcdaniel

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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

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

D

Answer to Question 2

A


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