« previous next »

Author Question: A local restaurant offers an all you can eat Sunday brunch for 12 . Susan eats four servings, but ... (Read 56 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
A local restaurant offers an all you can eat Sunday brunch for 12 . Susan eats four servings, but leaves half of a fifth helping uneaten. Why?
 a. Her marginal value of a serving of brunch has fallen below 12.
  b. Her marginal value of a serving has fallen below 2.36 (12 divided by 5 servings).
  c. Her marginal value of food has fallen to zero.
  d. The total value she places on brunch today exactly equals 12.

Question 2

Ralph wants to buy some milk and a box of cereal. If Ralph buys 2 quarts of milk at 1 per quart, the box of cereal costs 75 cents. If he buys 3 quarts of milk at 1 per quart, the box of cereal is free. For Ralph, the marginal cost of the third quart of milk is:
 a. zero. b. 25 cents.
  c. 75 cents. d. 1.


helenmarkerine

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Mechanism of Action of Local Anesthetics Mechanism of Action of Local Anesthetics
Selected Local Anesthetics Selected Local Anesthetics
Recommended Maximum Doses of Local Anesthetics with Vasoconstrictor Recommended Maximum Doses of Local Anesthetics with Vasoconstrictor
Melanoma is a local contraindication for massage. Melanoma is a local contraindication for massage.
Sketch the graph of the following functions using local maximum/minimums, interc Sketch the graph of the following functions using local maximum/minimums, interc
Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ... Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ...
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library