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 62 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
Excellent

amcvicar

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Worldly Goods Worldly Goods
Finish with bilateral stroking to the entire back. Stand at head of the table with fingers pointing ... Finish with bilateral stroking to the entire back. Stand at head of the table with fingers pointing ...
Stretch shoulder in horizontal flexion by grasping at the forearm and reaching the entire arm across ... Stretch shoulder in horizontal flexion by grasping at the forearm and reaching the entire arm across ...
Apply oil or lotion to the entire leg with effleurage. Use light to medium pressure to warm ... Apply oil or lotion to the entire leg with effleurage. Use light to medium pressure to warm ...
Sample budget spreadsheet form for first year of business. Sample budget spreadsheet form for first year of business.
US federal budget deficit/surplus and debt US federal budget deficit/surplus and debt
Video: Angiotensin II - kidneys, adrenal glands and dehydration

For a complete list of videos, visit our video library