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Author Question: Jim's Burgers produces 500 burgers per week. He can sell as many burgers as he can cook for 3 . What ... (Read 142 times)

Yolanda

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on: Jul 1, 2018
Jim's Burgers produces 500 burgers per week. He can sell as many burgers as he can cook for 3 . What is the marginal revenue from selling the 50th burger?
 a. 3
 b. 150
 c. 147
 d. It cannot be determined with the information given

Question 2

By focusing the customers on the price of a product, you make
 a. The demand for the product more inelastic
 b. The customers less price sensitive to the product
 c. Both A & B
 d. None of the above


scrocafella

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

a

Answer to Question 2

d


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