Jim's Burgers produces 600 burgers per week.Each burger sells for $3.Goody Candy orders 500 burgers for its upcoming office party from Jim's Burgers.Jim decided to accept the order for $1250 lump sum.What would be the marginal revenue per burger for this order?
A) $3
B) $2.50
C) $0.50
D) It cannot be determined with the information given
Correct Answer:
Verified
Q30: Use the following to answer question
Q31: According to the law of diminishing returns
A)Production
Q32: When economists speak of "marginal",they mean
A)Opportunity
B)Scarcity
C)Incremental
D)Unimportant
Q33: Marginal revenue is_.
A)The cost of producing an
Q34: Jim's Burgers produces 500 burgers per week.He
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Q37: If a firm produces 8 units of
Q38: If a firm produces 8 units of
Q39: Marginal cost
A)Is the incremental cost incurred by
Q40: Average cost of production is
A)Total variable cost
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