This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the marginal benefit of a hot dog is greater than its marginal cost, then to increase efficiency, (Read 87 times)

Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
on: May 24, 2019
If the marginal benefit of a hot dog is greater than its marginal cost, then to increase efficiency,
◦ more hot dogs should be produced.
◦ fewer hot dogs should be produced.
◦ nothing should be done if the marginal benefit is greater than the marginal cost by the maximum amount because in this case the efficient quantity of hot dogs is being produced.
◦ production should be halted.
◦ More information is needed about the price of a hot dog in order to determine if production should be increased, decreased, or not changed.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Chelseaamend on May 24, 2019

mcabuhat

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
Reply #2 on: May 24, 2019
Thank you!


mcabuhat

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: May 24, 2019
Always glad to help...


« previous next »
 

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes
Cost Savings with an EHR System Cost Savings with an EHR System
A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ... A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ...
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
How to solve equations containing rational exponents greater than 2 How to solve equations containing rational exponents greater than 2
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Brain Anatomy Animation (Part 2 of 2)

For a complete list of videos, visit our video library