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Author Question: You wish to buy only one CD. Use the rule of equal marginal utility per dollar to determine which ... (Read 198 times)

WhattoUnderstand

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You wish to buy only one CD. Use the rule of equal marginal utility per dollar to determine which one to purchase:
 
  (a) Drake's latest CD for 15 which gives you 75 units of utility, or (b) Bob Dylan's Shadows in the Night for 10 that gives you 100 units of utility?

Question 2

Refer to Figure 13-6. Suppose Dell finds the relationship between the average total cost of producing notebook computers and the quantity of notebook computers produced is as shown by Figure 13-2.
 
  Dell will maximize profits if it produces ________ notebook computers per month.
  A) 100,000
  B) 200,000
  C) 300,000
  D) Not enough information is given to determine the profit-maximizing quantity.


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Kimmy

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WhattoUnderstand

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Reply 2 on: Jun 29, 2018
Excellent


irishcancer18

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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