Anthony's Accountants is the only employer of accountants in the island of Fairisle. The table gives the demand and supply of accountants on Fairisle. The marginal cost of hiring a sixth accountant is ________ an hour.
A) 20
B) 15
C) 25
D) 45
Question 2
The above table gives the demand and supply schedules for cat food. If the price is 1.
00 per pound of cat food, will there be a shortage, a surplus, or is this price the equilibrium price? If there is a shortage, how much is the shortage? If there is a surplus, how much is the surplus? If 3.00 is the equilibrium price, what is the equilibrium quantity?