« 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 80 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?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Mixing bacterial genotypes produces rare recombinants Mixing bacterial genotypes produces rare recombinants
5 week embryo 5 week embryo
Men and women work the same number of hours a week, but men spend more time on paid work, and women ... Men and women work the same number of hours a week, but men spend more time on paid work, and women ...
Holy Week in Spain Holy Week in Spain
Baby position during the 30th week of pregnancy Baby position during the 30th week of pregnancy
(a) Chromosome painting with five different-colored markers in a normal cell. (b) Painting produces (a) Chromosome painting with five different-colored markers in a normal cell. (b) Painting produces
Video: Plant Defense Mechanisms from Pathogens

For a complete list of videos, visit our video library