« previous next »

Author Question: Refer to Table 12-1. Suppose the fixed cost of production rises by 500 and the price per unit is ... (Read 62 times)

mcmcdaniel

  • Hero Member
  • *****
  • Posts: 550
on: Jun 29, 2018
Refer to Table 12-1. Suppose the fixed cost of production rises by 500 and the price per unit is still 8. What happens to the firm's profit-maximizing output level?
 
  A) It must rise to offset the increased cost. B) It must fall.
  C) The firm will shut down. D) It will remain the same.

Question 2

Refer to Table 10-7. What is Antonio's marginal utility from consuming the fifth beer?
 
  A) 4 utils B) 13.6 utils C) 69 utils D) 134 utils


zacnyjessica

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
The Increasing Cost of Health Care, 1960–2010 The Increasing Cost of Health Care, 1960–2010
Standing at the side of the table facing the head, mobilize the scapula by pressing along medial ... Standing at the side of the table facing the head, mobilize the scapula by pressing along medial ...
Phosphopantetheine as the reactive unit in ACP and CoA Phosphopantetheine as the reactive unit in ACP and CoA
ANOVA Table ANOVA Table
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Immune responses Animation

For a complete list of videos, visit our video library