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Hi! Need help with these questions! With explaining please
Ginger Beer making Q8-12 I can charge $10 per 2L bottle, have fixed costs of $200/week and variable costs of $4/bottle 8. At an output of 20 bottles, what is the marginal cost? a) $0 b) $4c) $10 d) $200 e) $210 9. At an output of 20 bottles, what is the marginal revenue? a) $0 b) $4 c) $10 d) $200 e) $210 10. How many do I need to sell per week to break even? a) 0 b) 34 c) 50 d) 102 e) I cannot break even 11. What level of output would I choose in the short run, assuming there were sufficient sales? a) 0 b) 34 c) 50 d) 102 e) infinite! 12. If competition brought the sale price down to $3/bottle, what level of output would I choose in the short run, assuming there were sufficient sales? a) 0 b) 34 c) 50 d) 102 e) infinite
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