Refer to Scenario 10.3. What level of output maximizes revenue?
A) 0
B) 45
C) 85
D) 125
E) 245
D
You might also like to view...
The market interest rate
a. represents the opportunity cost of investing with borrowed funds b. has no impact on the firm's investment decision if the firm uses borrowed funds c. represents the opportunity cost of investing with savings d. has no impact on the firm's investment decision if the firm uses savings e. represents the opportunity cost of investing with either borrowed funds or savings
Mail-in ballots are designed to:
A. increase your ability to fulfill your civic duty. B. increase utility derived from voting. C. decrease the costs associated with voting. D. increase the accuracy voting process.
Suppose the probability of a near-new car being good is 0.4 while its probability of being a lemon is 0.6 . If risk-neutral consumers are willing to pay $14,000 if the car is in good condition and $8,000 if it is a lemon, a risk averse buyer who knows those probabilities would be willing to pay $10,400 for the car
Indicate whether the statement is true or false
According to Modigliani's life-cycle hypothesis, the marginal propensity to consume
a. changes over a lifetime: it's higher in the earlier and later periods of a person's working life, and lower in the middle years b. is constant over a person's working life c. changes over a lifetime: it's lower in the earlier and later periods of a person's working life, and higher in the middle years d. is determined by a person's permanent income and has nothing to do with the transitory incomes earned over a life time e. changes over a lifetime: it's higher in the earlier and middle periods of a person's working life, and lower in the later years