The marginal cost to a grocer of selling avocados, which would have to be thrown away if they are not sold immediately, is approximately
A) the overhead cost per avocado sold.
B) the price of replacing the inventory.
C) their wholesale purchase price.
D) zero.
D
You might also like to view...
Is a firm economically inefficient if it can cut its costs by producing less? Why or why not?
What will be an ideal response?
You manage a new product development team for an electronics manufacturer, and your firm's policy is that all new projects must pay for themselves in the first five years
Your team has projected that the first year of the project requires an initial investment of $2 million with no revenue, the second year loss is $500,000, the net revenue for year 3 is zero, and you earn $1.8 million in both year 4 and year 5. If the opportunity cost of capital for your firm is 8%, should you go ahead with this project? A) No, the expected NPV is negative B) Yes, the expected NPV is roughly $290,000 C) Yes, the expected NPV is $1.1 million D) We do not have enough information to answer this question.
According to Table 10.2, just over 3% of college graduates are under the poverty line
Indicate whether the statement is true or false
U.S. Department of Labor data show that minimum-wage workers tend to be young, less educated, more likely to be working part time, and concentrated in the leisure and hospitality industry
a. True b. False Indicate whether the statement is true or false