The Jeans Store Sells 7 Pairs of Jeans Per Day

question 11

Multiple Choice

The Jeans Store sells 7 pairs of jeans per day when it charges $100 per pair.It sells 8 pairs of jeans per day at a price of $90 per pair.The marginal revenue of the eighth pair of jeans is

• A)$20.
• B)$90.
• C)$100.
• D)$700.

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Definitions:

Attractive Jobs

Employment positions deemed desirable due to factors like high pay, job security, career growth opportunities, and positive work-life balance.

Perfectly Mobile

Refers to resources or labor that can move without restriction or barriers between areas to find employment or investment opportunities.

Output Per Worker

The amount of goods or services produced divided by the number of employees, a measure of labor productivity.

Physical Capital

The tangible assets such as buildings, machinery, and equipment used in the production of goods and services.