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

Author Question: Scenario 1-2Suppose a hat manufacturer currently sells 2,000 hats per week and makes a profit of ... (Read 43 times)

LCritchfi

  • Hero Member
  • *****
  • Posts: 519
on: Oct 5, 2019

Scenario 1-2

Suppose a hat manufacturer currently sells 2,000 hats per week and makes a profit of $5,000 per week. The plant owner observes, "Although the last 300 hats we produced and sold increased our revenue by $1,000 and our costs by $1,100, we are still making an overall profit of $5,000 per week so I think we're on the right track. We are producing the optimal number of hats."



Refer to Scenario 1-2. Had the firm not produced and sold the last 300 hats, would its profit be higher or lower, and by how much?


◦

Its profit will be $1,100 higher.


◦

Its profit will be $100 lower.


◦

Its profit will be $100 higher.


◦

Its profit will be $1,000 lower.

InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by LCritchfi on Oct 5, 2019

chloejackso

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Oct 5, 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 50% of students answer this correctly


LCritchfi

  • Member
  • Posts: 519
Reply 2 on: Oct 5, 2019
Great answer, keep it coming :)

adf223

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

A hypothetical scenario illustrating the process of chemical selection A hypothetical scenario illustrating the process of chemical selection
A mother Syrian hamster with pups under one week old. A mother Syrian hamster with pups under one week old.
seven week embryo seven week embryo
Holy Week in Spain Holy Week in Spain
Using a bright light makes seeing where the smoke is coming from easier. In this case, smoke was ... Using a bright light makes seeing where the smoke is coming from easier. In this case, smoke was ...
How body makes blood flow more into brain instead of foot? How body makes blood flow more into brain instead of foot?
Video: Endocytosis -Types and Phagocytosis

For a complete list of videos, visit our video library