As a single seller in her area, Jasmine determined she could sell fifteen units at $12 per
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Question:
As a single seller in her area, Jasmine determined she could sell fifteen units at $12 per unit and sixteen units at $11.35 per unit. Her marginal revenue for the sixteenth unit is:
- A.1.6
- B.$11.25.
- C.$0.
- D.$45.
- E.$135.
At the profit maximizing output the form is making
- $200 profit.
- $200 loss
- $0 profit
- $100 profit
EfuaApeatsewa'sbakeryproduces 10 cakes per day. The marginal cost of the tenth cake is $20, and average total cost of 10 cakes is $8. The average total cost of 9 cakes is:
A.$4.
B.$7.22
C.$6.22
D.$6.67
E.$4.5
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