Author Question: Jim' burger produces 500 burgers per week. Each burger is priced at 3 . A business ordered 750 ... (Read 144 times)

pane00

  • Hero Member
  • *****
  • Posts: 579
Jim' burger produces 500 burgers per week. Each burger is priced at 3 . A business ordered 750 burgers for an upcoming event. Jim decided to offer a discount by reducing the price of the burgers to 2.50 for the party. What is the marginal revenue of selling the 50th burger for the party?
 a. 3
  b. 2.50
  c. 0.50
  d. It cannot be determined with the information given

Question 2

A potential problem arises in principal-agent relationships
 a. because the agents and the principals have identical goals
 b. because the principals may want to minimize his profits, while the agent may want to maximize them
  c. because the agents may have different goals from the principals
 d. the goals of principals and agents are irrelevant



at

  • Sr. Member
  • ****
  • Posts: 359
Answer to Question 1

b

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

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?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

For a complete list of videos, visit our video library