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Author Question: Wendell can sell five motor homes per week at a price of 22,000. If he lowers the price of motor ... (Read 32 times)

dbose

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on: Jun 29, 2018
Wendell can sell five motor homes per week at a price of 22,000. If he lowers the price of motor homes to 20,000 per week he will sell six motor homes. What is the marginal revenue of the sixth motor home?
 
  A) 10,000 B) 12,000 C) 20,000 D) 22,000

Question 2

Refer to Figure 12-9. At price P2, the firm would
 
  A) lose an amount more than fixed cost. B) break even.
  C) lose an amount less than fixed cost. D) lose an amount equal to its fixed cost.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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itsakadoozi

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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