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Author Question: Refer to Table 12-1. If the market price of each camera case is 8 and the firm maximizes profit, ... (Read 72 times)

audie

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Refer to Table 12-1. If the market price of each camera case is 8 and the firm maximizes profit, what is the amount of the firm's profit or loss?
 
  A) 0 (it breaks even) B) loss of 1,000 C) profit of 440 D) loss of 440

Question 2

Suppose Renee can increase her total utility from consuming video rentals and books by buying one more book and renting one fewer video. Which of the following is true?
 
  A) The marginal utility of video rentals is negative.
  B) The marginal utility of the last book consumed exceeds the marginal utility of the last video rental consumed.
  C) The marginal utility of the last video rental consumed exceeds the marginal utility of the last book consumed.
  D) The marginal utility per dollar spent on books exceeds that of video rentals.


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LVPMS

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audie

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Reply 2 on: Jun 29, 2018
:D TYSM


mcarey591

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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