Refer to the information provided in Figure 13.3 below to answer the question(s) that follow. 
Figure 13.3Refer to Figure 13.3. The marginal revenue of the 12th pound of burritos is
A. -$4.
B. -$3.
C. $2.
D. $8.
Answer: B
You might also like to view...
Answer the following statements true (T) or false (F)
1) If managers holding an auction release more information about the value of the item, they will reduce their profit. 2) Regardless of whether an auction's purpose is to sell a product or buy one, providing more information about the value of the auctioned item can benefit the auction's managers because bidders will have more confidence in their valuations. 3) Regardless of what policies a manager creates, it is unlikely that the manager can completely solve the principal-agent problem. 4) If restaurant managers have a policy that servers' tips are to be combined and then shared equally at the end of the day, this will incentivize all servers to to take the best care of their customers. 5) In general, if managers are able to make a job more appealing to an employee, this helps managers as it reduces labor turnover.
What is the most powerful influence determining the level of national income equilibrium? Unlike Alfred Marshall who used the scissors metaphor to show that both supply and demand are equally involved in determining equilibrium price, Keynes argued that
a. aggregate expenditure is the most powerful influence on national income determination b. aggregate supply is the most powerful influence on national income determination c. aggregate saving is the most powerful influence on national income determination d. government expenditure is the most powerful influence on national income determination e. consumption is the most powerful influence on national income determination
GDP can measure either the total income of everyone in the economy or the total expenditure on the economy's output of goods and services, but GDP cannot measure both at the same time
a. True b. False Indicate whether the statement is true or false
MP3 players and MP3 files are complementary goods. The cross-price elasticity of demand between MP3 players and MP3 files is expected to be
A) Positive. B) Negative. C) Equal to zero. D) Undefined.