Consider the perfectly competitive firm in the above figure. The ...

[CQXA]

Consider the perfectly competitive firm in the above figure. The shutdown point occurs at a price of
 
  A) 11.00.
  B) 12.00.
  C) 16.00.
  D) 22.00.

Question 2

Given the data in the above table, if income is 16, and the price is 1 for a bottle of water and 2 for a hamburger, what is the quantity of water and the quantity of hamburgers that will maximize the consumer's total utility?
 
  A) 5 bottles of water and 5 hamburgers
  B) 4 bottles of water and 6 hamburgers
  C) 6 bottles of water and 5 hamburgers
  D) 6 bottles of water and 6 hamburgers

[mcomstock09]

Answer to Question 1

A

Answer to Question 2

C

[CQXA]

YES! Correct, THANKS for helping me on my review

[duy1981999]

Thanks for the timely response, appreciate it