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Author Question: For Elliot's dog-walking service, the only variable input is labor. Elliot's labor costs are $300 a ... (Read 590 times)

Starlight

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on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 8.3 below to answer the question(s) that follow. 






 

Refer to Figure 8.3. The marginal cost of the eleventh basketball is


◦ less than $1.
◦ $1.
◦ $2.
◦ greater than $2.

Question 2

For Elliot's dog-walking service, the only variable input is labor. Elliot's labor costs are $300 a day and his service walks 30 dogs per day. To walk 31 dogs per day, his labor costs increase to $305 a day. The marginal cost of walking that 31st dog is


◦ $5.
◦ $9.83.
◦ $19.52.
◦ indeterminate from the information given.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Starlight on Apr 19, 2019

janeli

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Starlight

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Reply #2 on: Apr 19, 2019
TY


janeli

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Reply #3 on: Apr 19, 2019
You're welcome


bianca

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Reply #4 on: Dec 18, 2020
thank you!


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