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Author Question: Refer to Scenario 2.1. If P = 25, which of the following is true? A) There is a surplus equal to ... (Read 110 times)

nmorano1

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on: Jul 1, 2018
Refer to Scenario 2.1. If P = 25, which of the following is true?
 
  A) There is a surplus equal to 30.
  B) There is a shortage equal to 30.
  C) There is a shortage, but it is impossible to determine how large.
  D) There is a surplus, but it is impossible to determine how large.

Question 2

Given the information in Scenario 14.1, how much labor will be hired to maximize profit?
 
  A) 1/16
  B) 1/2
  C) 1
  D) 4


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EAN94

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


nmorano1

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

aliotak

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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