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
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