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Susan sells bottles of water at local sporting events. On a typical day, she sells 30 bottles for $1each. Today, she is trying out a
Susan sells bottles of water at local sporting events. On a typical day, she sells 30 bottles for $1each. Today, she is trying out a special and is selling her bottles of water for only $0.50 each, andshe ends up selling 60 bottles.
The extra $15 she earns from selling the additional 30 bottles ofwater at $0.50 each is called __________.The $0.50 given back to the customers who wouldhave paid the normal $1.00 price is called __________.
- price effect; output effect
- output effect; price effect
- opportunity cost; price effect
- output effect;marginal revenue
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