The above table shows the total product schedule for the campus book store. If employees are paid $6 per hour and there are no other variable costs, then what is the marginal cost (MC) per book of increasing book sales from 83 to 87 books per hour?
A) $6.00
B) $4.00
C) $2.07
D) $1.50
D
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Fast Stop, a gasoline and grocery quick mart, charges $2 for a 20 ounce fountain drink and $3 for a 40 ounce fountain drink. This is an example of ________.
A) second-degree price discrimination B) an all-or-nothing offer C) two-part pricing D) third-degree price discrimination
An advantage of the gold standard was that it allowed currencies to freely float against each other
a. true b. false
Suppose the government passes laws that require restaurants to disclose the nutritional content of their menu items. This would be an example of a:
A. nudge. B. flawed assumption. C. shadow price. D. push.
Large increases in educational attainment would likely be a source of
A. import competing growth. B. specialized growth. C. concentrated growth. D. generalized growth.