ECON 101
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1. Suppose that MU of an additional apple is 20 and its price is $1, while MU for an additional orange is 7and its price is $ 0.5. To maximize utility what should you do? 2. When average total cost ... is falling, marginal cost must be d. below variable cost. 3. In the short run, a monopolist with a loss, along with marginal revenue of $10, and marginal cost of $15, should 4. Assume that you are allocating your budget optimally between soft drinks and hamburgers. If the MU of a soft drink is 40 and its price is $4, what must be the price of hamburgers if its MU is 60? 5. A demand curve slope downward due to: [Show More]
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