Business, 12.08.2019 22:10 tjeffers90028
Angelo is a wholesale meatball distributor. he sells his meatballs to all the finest italian restaurants in town. nobody can make meatballs like angelo. as a result, his is the only business in town that sells meatballs to restaurants. assuming that angelo is maximizing his profit, which of the following statements is true? (a) meatball prices will be less than marginal cost.(b) meatball prices will equal marginal cost.(c) meatball prices will exceed marginal cost.(d) meatball prices will be a function of supply and demand and will therefore oscillate around marginal costs
Answers: 2
Business, 22.06.2019 08:00
How do communism and socialism differ in terms of the role that government plays in the economy ?
Answers: 1
Business, 22.06.2019 18:40
Under t, the point (0,2) gets mapped to (3,0). t-1 (x,y) →
Answers: 3
Business, 22.06.2019 22:00
Suppose that a paving company produces paved parking spaces (q) using a fixed quantity of land (t) and variable quantities of cement (c) and labor (l). the firm is currently paving 1,000 parking spaces. the firm's cost of cement is $3 comma 600.003,600.00 per acre covered (c) and its cost of labor is $35.0035.00/hour (w). for the quantities of c and l that the firm has chosen, mp subscript upper c baseline equals 60mpc=60 and mp subscript upper l baseline equals 7mpl=7. is this firm minimizing its cost of producing parking spaces?
Answers: 3
Business, 23.06.2019 07:50
Suppose for a consumer the marginal utility (mu) of bread is 20 utils and the mu of milk is 10 utils; the price of bread is $3 and the price of milk is $1. given this, a. more utility per dollar is gained from consuming bread than milk. b. more utility per dollar is gained from consuming milk than bread. c. the same amount of utility per dollar is gained from consuming milk as bread. d. the consumer is in consumer equilibrium.
Answers: 1
Angelo is a wholesale meatball distributor. he sells his meatballs to all the finest italian restaur...
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