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

Author Question: Use the data in the above table and suppose that labor is the only variable factor of production. At ... (Read 73 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
on: Jun 29, 2018
Use the data in the above table and suppose that labor is the only variable factor of production. At what level of output does the marginal cost start to rise at Decent Donuts?
 
  A) 0 dozen donuts
  B) 111 dozen donuts
  C) 128 dozen donuts
  D) There is not enough information given to determine when the marginal cost starts to increase.

Question 2

If a shift in the demand curve that raises the price of oranges from 7 to 9 a bushel increases the quantity of oranges supplied from 4,000 bushels to 6,000 bushels, the
 
  A) supply of oranges is elastic.
  B) supply of oranges is inelastic.
  C) demand for oranges is elastic.
  D) demand for oranges is inelastic.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shaquita

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


strangeaffliction

  • Member
  • Posts: 660
Reply 2 on: Jun 29, 2018
:D TYSM

shailee

  • Member
  • Posts: 392
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Lake position in the landscape and proportion of water received as groundwater (data from Webster et Lake position in the landscape and proportion of water received as groundwater (data from Webster et
projections of future oil production projections of future oil production
An example of a Material Safety Data Sheet (MSDS). An example of a Material Safety Data Sheet (MSDS).
Role of Ras protein in a central growth factor activation pathway Role of Ras protein in a central growth factor activation pathway
ATP Production in Cardiac Muscle ATP Production in Cardiac Muscle
Look at Table 4.2.2. Consumers learn that the rubber ducks wear out batteries quickly. As a ... Look at Table 4.2.2. Consumers learn that the rubber ducks wear out batteries quickly. As a ...
Video: Fractures Animation

For a complete list of videos, visit our video library