Author Question: Jill Johnson owns a pizzeria. She currently produces 10,000 pizzas per month at a total cost of 500. ... (Read 56 times)

captainjonesify

  • Hero Member
  • *****
  • Posts: 543
Jill Johnson owns a pizzeria. She currently produces 10,000 pizzas per month at a total cost of 500. If she produced one more pizza her total cost rises to 500.11. What does this tell us about Jill's marginal cost of producing pizzas?
 
  A) The marginal cost of producing pizzas cannot be determined without more information.
  B) The marginal cost of producing pizzas is rising.
  C) The marginal cost of producing pizzas is constant.
  D) The marginal cost of producing pizzas is falling.

Question 2

Buffalo Wild Wings CEO Sally Smith decided to spend more than 200 million on restaurant renovations in an attempt to attract more lunch customers and more families.
 
  Like CEOs of other monopolistically competitive firms, Smith knew that without innovating
  A) her firm would become perfectly competitive.
  B) her firm had no chance of remaining in business.
  C) her firm would eventually earn an accounting profit of zero.
  D) her firm's profits would eventually be competed away by other firms.


xiaomengxian

  • Sr. Member
  • ****
  • Posts: 311
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

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.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

For a complete list of videos, visit our video library