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

Author Question: Katie has a choice of spending 6.00 for another hamburger, which has a marginal utility of 30, or ... (Read 92 times)

karlynnae

  • Hero Member
  • *****
  • Posts: 599
on: Jun 29, 2018
Katie has a choice of spending 6.00 for another hamburger, which has a marginal utility of 30, or 9.00 for another pizza. For her to choose the pizza, it would have to have a marginal utility of at least
 
  A) 9.
  B) 30.
  C) 31.
  D) 46.

Question 2

Carol's Candies is producing 150 boxes of candy a day. Carol's marginal revenue and marginal cost curves are shown in the figure above. To increase her profit, Carol should
 
  A) increase her output.
  B) decrease her output.
  C) maintain the current level of output because it gives her the maximum profit.
  D) Not enough information is given to determine if Carol should increase, decrease, or not change her level of output.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

heinisk01

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


karlynnae

  • Hero Member
  • *****
  • Posts: 599
Reply #2 on: Jun 29, 2018
Thank you


heinisk01

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

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?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

A study by Seehausen and van Alphen involving the effects of male coloration on female choice in Afr A study by Seehausen and van Alphen involving the effects of male coloration on female choice in Afr
A graphical representation of the marginal value theorem. A graphical representation of the marginal value theorem.
A utility knife uses replaceable blades and can cut carpet and other materials. A utility knife uses replaceable blades and can cut carpet and other materials.
Researchers and Research Spending, 2009 Researchers and Research Spending, 2009
Gr. 12 Chem Multiple Choice Gr. 12 Chem Multiple Choice
Hamburger Hamburger
Video: Osteoporosis

For a complete list of videos, visit our video library