Author Question: Jill Johnson owns a pizzeria. She currently produces 10,000 pizzas per month at a total cost of 500. ... (Read 60 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?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

For a complete list of videos, visit our video library