This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Sue's Sea Shells by the Sea Shore is a perfectly competitive firm selling sea shells at the market ... (Read 180 times)

j.rubin

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
Sue's Sea Shells by the Sea Shore is a perfectly competitive firm selling sea shells at the market price of 2 per dozen. Sue's Sea Shells by the Sea Shore has fixed costs of 40 per day and a variable cost schedule in the table above.
 
  The profit-maximizing level of output for Sue's Sea Shells by the Sea Shore is A) 202 dozen sea shells by the sea shore per day.
  B) 204 dozen sea shells by the sea shore per day.
  C) 205 dozen sea shells by the sea shore per day.
  D) 206 dozen sea shells by the sea shore per day.

Question 2

If green bikes and brown bikes are perfect substitutes, the corresponding indifference curves
 
  A) are horizontal.
  B) intersect each other.
  C) are vertical.
  D) have constant slope.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

essyface1

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


j.rubin

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Evolutionary changes in the shape of oyster shells. Evolutionary changes in the shape of oyster shells.
Optimal foraging behaviour in shore crabs. Optimal foraging behaviour in shore crabs.
Electron Shells Determine the Reactivity of Atoms. Electron Shells Determine the Reactivity of Atoms.
One-handed kneading. Tissues are lifted with the whole hand in firm contact. One-handed kneading. Tissues are lifted with the whole hand in firm contact.
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
A substrate and its competitive inhibitor A substrate and its competitive inhibitor
Video: Peptide Bond Formation Animation

For a complete list of videos, visit our video library