« previous next »

Author Question: Jim's Burgers produces 500 burgers per week. He can sell as many burgers as he can cook for 3 . What ... (Read 52 times)

Yolanda

  • Hero Member
  • *****
  • Posts: 757
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

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Mixing bacterial genotypes produces rare recombinants Mixing bacterial genotypes produces rare recombinants
Faulty outlooping produces F?, an F plasmid that contains chromosomal DNA Faulty outlooping produces F?, an F plasmid that contains chromosomal DNA
Faulty outlooping produces lambda phage containing bacterial DNA Faulty outlooping produces lambda phage containing bacterial DNA
Hypothyroidism. Hyposecretion of the thyroid gland produces the symptoms that are illustrated. Hypothyroidism. Hyposecretion of the thyroid gland produces the symptoms that are illustrated.
Holy Week in Spain Holy Week in Spain
Embryonic Period - 8th week Embryonic Period - 8th week
Video: Role of the urinary system - acidosis and alkalosis

For a complete list of videos, visit our video library