Sweaters sell for $23 at the crafts fair. Allie knits sweaters and her marginal costs are...
Sweaters sell for $23 at the crafts fair. Allie knits sweaters and her marginal costs are given in the table below. Allie’s marginal costs increase with each additional sweater. If Allie is behaving rationally, how many sweaters will she sell?
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Homework Answers
Ans It will be profitable for Allie to sell sweaters as long as at least her marginal cost is covered. Given Here Price= $23 and MC at 5th sweater is $ 26, which is higher than the price. Therefore she will sell only up to 4 units of the sweater.
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Sweaters sell for $23 at the crafts fair. Allie knits sweaters
and her marginal costs are...
Sweaters sell for $20 at the crafts fair. Allie knits sweaters and her marginal costs are...
Sweaters sell for $20 at the crafts fair. Allie knits sweaters and her marginal costs are given in the table below. Allie’s marginal costs increase with each additional sweater. If Allie is behaving rationally, how many sweaters will she sell? Marginal Cost ($) 1st sweater 3 2nd sweater 6 3rd sweater 10 4th sweater 16 5th sweater 23 6th sweater 30
Suppose the price of a sweater is $30. Julia's marginal benefit for purchasing each additional sweater...
Suppose the price of a sweater is $30. Julia's marginal benefit for purchasing each additional sweater is given in the table below. Julia gets the most benefit from the first sweater and less benefit from each additional sweater. If Julia is behaving rationally, how many sweaters will she purchase? Marginal Benefit ($) 1St sweater 2nd sweater 3rd sweater 70 4sweater 5Sweater 6sweater th th th 50 43 32 28 ulia will purchase sweaters Sweaters sell for $15 at the crafts...
suppose the price of a sweater is $40. julia’s marginal benefit for purchasing each additional sweater...
suppose the price of a sweater is $40. julia’s marginal benefit for
purchasing each additional sweater is given in the table below.
julia gets most benefit from the first sweater and less benefit
from each additional sweater. if julia is behaving rationally, how
many sweaters will she purchase?
value: 10.00 points Suppose the price of a sweater is $40. Julia's margina sweater. If Julia is behaving rationally, how many swe Marginal Benefit 1st sweater 2nd sweater 3rd sweater 4h sweater...
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