Examlex

Solved

-The Table Above Shows Output and Costs of Evan's Subs

question 213

Multiple Choice

  -The table above shows output and costs of Evan's Subs, a typical perfectly competitive firm in a local market for sandwiches. Evan's fixed cost is $9 per hour. The current market price of a sandwich is $6. What is Evan's marginal revenue from the 2nd sandwich sold? A)  $10.00 B)  $13.50 C)  $3.00 D)  $6.00
-The table above shows output and costs of Evan's Subs, a typical perfectly competitive firm in a local market for sandwiches. Evan's fixed cost is $9 per hour. The current market price of a sandwich is $6. What is Evan's marginal revenue from the 2nd sandwich sold?


Definitions:

College Course

A unit of teaching that typically covers a specific subject area in a higher education institution, often forming part of a larger program of study.

Physics

The natural science that studies matter, energy, and the fundamental forces, explaining the behavior of the universe.

Peer Influence

The effect that the attitudes, values, and behaviors of peers have on an individual's own attitudes and behaviors.

Adolescents

The stage of life that follows childhood and precedes adulthood, typically ranging from ages 10 to 19, characterized by rapid physical growth and psychological development.

Related Questions