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Author Question: Farmer John can produce as much corn as he wants at the going price of 48 per bushel. At his current ... (Read 126 times)

savannahhooper

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  • Posts: 576
on: Jul 1, 2018
Farmer John can produce as much corn as he wants at the going price of 48 per bushel. At his current production level, the marginal cost is 18 . What should the company do?
 a. Increase production
 b. Decrease production
 c. Stay at this level of production
  d. None of the above

Question 2

Movie theatres offer senior discounts because
 a. Seniors have a more elastic demand for movie tickets
  b. Seniors have lower incomes
 c. Seniors have a lower opportunity cost of time
 d. All of the above


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joshraies

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

d


savannahhooper

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  • Posts: 576
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

nguyenhoanhat

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Reply 3 on: Yesterday
Excellent

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