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

Author Question: The rate at which a person is willing to give up a gallon of gasoline to get one more pound of ... (Read 14 times)

cookcarl

  • Hero Member
  • *****
  • Posts: 539
on: Jun 29, 2018
The rate at which a person is willing to give up a gallon of gasoline to get one more pound of coffee and remain on the same indifference curve is called his or her
 
  A) relative cost of coffee in terms of gasoline.
  B) indifference cost of coffee.
  C) personal price of coffee.
  D) marginal rate of substitution.

Question 2

Interlace, Inc produces and a unique soda. The company cannot price discriminate. The figure above shows Interlace's demand curve, marginal revenue curve, and marginal cost curve. Interlace's profit maximizing level of output is
 
  A) 30,000 bottles.
  B) 50,000 bottles
  C) 100,000 bottles
  D) 0; that is, the firm shuts down.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

carolinefletcherr

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


cookcarl

  • Member
  • Posts: 539
Reply 2 on: Jun 29, 2018
Wow, this really help

TheNamesImani

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Cellular section from the brain of a person who died from Alzheimer's disease. Cellular section from the brain of a person who died from Alzheimer's disease.
Temperature Changes on Heart Rate Temperature Changes on Heart Rate
Respiratory Rate Ranges of Various Age Groups Respiratory Rate Ranges of Various Age Groups
Influence of substrate concentration on the rate of an enzyme-catalyzed reaction. Influence of substrate concentration on the rate of an enzyme-catalyzed reaction.
A warning label on a Honda hybrid warns that a person can be killed due to the high-voltage ... A warning label on a Honda hybrid warns that a person can be killed due to the high-voltage ...
This red gasoline container holds about 30 gallons of gasoline and is used to fill vehicles used ... This red gasoline container holds about 30 gallons of gasoline and is used to fill vehicles used ...
Video: Types of disease resistance: innate defenses & immunity

For a complete list of videos, visit our video library