Author Question: A catering company is producing at a point where its marginal costs are 25 and its fixed costs are ... (Read 65 times)

809779

  • Hero Member
  • *****
  • Posts: 579
A catering company is producing at a point where its marginal costs are 25 and its fixed costs are 5000 . At the current price of 10 it is producing 50 meals. If the demand goes up, such that they can now charge 20 per meal, how much should the firm now produce?
 a. 60 meals
 b. 70 meals
 c. 80 meals
 d. None, they should shut down

Question 2

Which of the following is an example of a metering strategy
 a. A supermarket offers free parking space but charges higher for grocery
 b. A television reseller spends time making sure that the picture quality of the bargain priced sets is fuzzy
  c. Razors are sold at unit cost while razor blades have large profit margins
 d. All of the above



Gabe

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

d

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

For a complete list of videos, visit our video library