Monday
July 28, 2014

Homework Help: Micoeconomics

Posted by JIM on Friday, July 20, 2007 at 8:23pm.

Your roommate's long hours in the chem lab finally paid off- she discovered a secret formula that lets people do an hour's worth of studying in 5 minutes. So far, she's sold 200 doses and faces the following average total cost schedule
Quantity Average total cost
199 doses $199
200 $200
201 $201
If a new customer offers pay your roommate
$300 for one dose, should she make one more. Explain.

Your figures indicate that it costs your roommate $1 to make 1 dose. It seems to be a no-brainer for her to make one more dose for a sale of $300. If she needs to make 200 doses for $200, she still reaps a great profit by selling one dose for $300.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Economics - 1. Your roommate's long hours in chem lab finally paid off--she ...
medical Coding - Can someone tell me if I coded this right. This 23-year-old ...
math - Vanessa typically works 8 hours per day in a normal 5 day work week. Last...
math - use : .# x 6 = minutes I did try to do it but came up with numbers like 5...
S.A.T Math - I do not understand This: Employee x is paid $12.50 an hour for the...
Math - Beth got a job painting dorm rooms at her college. At top speed, she ...
algebra - Lets say we have a sample of 100 bacteria in a lab that doubles every ...
Math - 1. Mackenzie spent a lot of time on her project for Columbus Day. On ...
Math - 1. Mackenzie spent a lot of time on her project for Columbus Day. On ...
Maths - Carlos is training for the Olympics. His first training session lasted ...

Search
Members