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 201 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
Gracias!

Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

The jaguar has an exceptionally powerful bite that allows it to pierce the shells of armoured reptil The jaguar has an exceptionally powerful bite that allows it to pierce the shells of armoured reptil
Darwin observed that tortoises on islands that are arid tend to have saddle-shaped shells, allowing Darwin observed that tortoises on islands that are arid tend to have saddle-shaped shells, allowing
The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ... The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ...
A substrate and its competitive inhibitor A substrate and its competitive inhibitor
Stock Market Tracks Growth in GDP Stock Market Tracks Growth in GDP
Chalk cliffs 90 meters (300 feet) high along the shore in Dover, England, were once seafloor Chalk cliffs 90 meters (300 feet) high along the shore in Dover, England, were once seafloor
Video: Ciliate conjugation Animation

For a complete list of videos, visit our video library