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

Author Question: When Kathryn spends her entire budget and equates marginal utility per dollar across all goods, then ... (Read 92 times)

bclement10

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
When Kathryn spends her entire budget and equates marginal utility per dollar across all goods, then Kathryn's total utility is maximized.
 
  Indicate whether the statement is true or false

Question 2

The Karaoke Channel Online streams professional-grade karaoke for 9.95 a month. Suppose Karaoke Channel Online has a constant marginal cost of 1 per customer and total fixed cost is 20,000. The profit maximizing number of customers is 10,000.
 
  Several competitors start to advertise online. Karaoke Channel Online now spends 5,000 a month on advertising and the profit maximizing number of customers increases to 12,000. What is Karaoke Channel Online's average total cost before the advertising begins? A) 3
  B) 2
  C) 1
  D) 2.66


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

manuelcastillo

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

A


bclement10

  • Member
  • Posts: 560
Reply 2 on: Jun 29, 2018
Gracias!

marict

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

The medical assistant spends many hours on the telephone assisting patients. The medical assistant spends many hours on the telephone assisting patients.
A utility knife uses replaceable blades and can cut carpet and other materials. A utility knife uses replaceable blades and can cut carpet and other materials.
Earth’s Heat Budget Earth’s Heat Budget
Standing at the head of the table, apply oil or lotion to the entire back and shoulders with ... Standing at the head of the table, apply oil or lotion to the entire back and shoulders with ...
Apply two-hand petrissage over the entire upper back. Place palms flat on back next to each other. ... Apply two-hand petrissage over the entire upper back. Place palms flat on back next to each other. ...
Draw an Edgeworth box for two consumers over two goods Draw an Edgeworth box for two consumers over two goods
Video: Five phases of cardiac cycle & Atrial contraction

For a complete list of videos, visit our video library