A local restaurant increases the prices on its burgers as soon as it begins a promotional campaign. Which of the following is most likely to be true?
a. The promotional campaign featured how much better their burgers are
b. The promotional campaign focused on the value per dollar
c. The promotional campaign made demand more elastic
d. All of the above
a
Economics
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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
Economics
Dogs are more popular than cats in the U.S., but if cats were to become the more popular pet, then we can we expect that in the market for cat-food workers
a. MPP increases b. MRP increases c. MPP decreases d. MRP decreases e. the wage rate decreases
Economics