Refer to the table below. What long-run capacity of resort units should Gorgeous Sands Resort select?
The table above summarizes Gorgeous Sands Resort's marginal capacity cost, marginal operating cost, peak marginal revenue, off-peak marginal revenue, and its peak and off-peak demand for its resort units.
A) 250
B) 300
C) 350
D) 200
B) 300
Economics
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When the free market produces less than the socially optimal quantity of a good,
a. negative externalities must be present b. marginal social cost must exceed marginal private cost c. marginal private benefit must exceed marginal social benefit d. the government should tax production of the good e. there has been a market failure
Economics
A firm's demand curve for labor coincides with the:
a. marginal cost curve. b. average cost curve. c. marginal revenue curve. d. marginal revenue product curve.
Economics