Refer to Scenario 2.1. If P = 25, which of the following is true? ...

[nmorano1]

Refer to Scenario 2.1. If P = 25, which of the following is true?
 
  A) There is a surplus equal to 30.
  B) There is a shortage equal to 30.
  C) There is a shortage, but it is impossible to determine how large.
  D) There is a surplus, but it is impossible to determine how large.

Question 2

Given the information in Scenario 14.1, how much labor will be hired to maximize profit?
 
  A) 1/16
  B) 1/2
  C) 1
  D) 4

[EAN94]

Answer to Question 1

A

Answer to Question 2

D

[nmorano1]

TYSM

[duy1981999]

Thanks for the timely response, appreciate it