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Author Question: Katie has a choice of spending 6.00 for another hamburger, which has a marginal utility of 30, or ... (Read 96 times)

karlynnae

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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.


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heinisk01

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


karlynnae

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Reply #2 on: Jun 29, 2018
Thank you


heinisk01

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Reply #3 on: Jun 29, 2018
No problemo


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