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Author Question: Refer to the figure above. What is the revenue of the firm when it sells the profit-maximizing level ... (Read 18 times)

TFauchery

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on: Jun 29, 2018
Refer to the figure above. What is the revenue of the firm when it sells the profit-maximizing level of output?
 
  A) 40
  B) 160
  C) 180
  D) 240

Question 2

Suppose that when NBC produces 1 new drama series in a season it gives up the chance to produce 3 new reality shows. This means that
 
  A) the opportunity cost of a new drama series is 1/3 of a new reality show.
  B) the opportunity cost of a 1 new reality show is 1/3 of a new drama series.
  C) NBC has a comparative advantage in producing new drama series.
  D) NBC has a comparative advantage in producing new reality shows.


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itsakadoozi

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

D

Answer to Question 2

B


TFauchery

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

cdmart10

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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