The marginal revenue that would be derived from production of the second unit would be
A. $20.
B. $18.
C. $16.
D. $14.
C. $16.
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A production possibilities frontier shows the combinations of various goods that should be produced.
Answer the following statement true (T) or false (F)
Refer to the scenario above. If the colleagues had decided on a fairness penalty of $5,000 before committing the crime, ________
A) this game will not have a Nash equilibrium B) this game will have multiple Nash equilibria C) this game will have multiple dominant strategy equilibria D) this game will have a unique Nash equilibrium
For consumers who opt to pay a $10 monthly fee to have unlimited texting on their cell phones, but choose not to pay a $5 monthly fee to have unlimited call minutes, the unlimited texting option has a ________ than the unlimited minutes option.
A. lower price elasticity of demand B. lower cross-price elasticity of demand C. higher price elasticity of demand D. higher cross-price elasticity of demand
An example of an in-kind transfer is
A. low-cost public housing. B. Social Security. C. income tax. D. unemployment benefits.