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10 The probability that john will come to school on any giv.pdf

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10 The price of a can of Wolverine Chicken Noodle Soup is $1.29. The marginal cost to make the soup is $1.00. What is the Lerner Index rate for the Can of soup? What is the mark-up? 11 If the average cost of producing a good is increasing as a firm produces more of the good, then which of the following must be true? a. AFC is falling b. AVC is rising c. MC>AVC d. All of the above e. Cannot be determined 12 True or false: Long run cost functions can be "directly" obtained from the producton function by first finding the expansion path. 13 A manager hires labor at $12 hour and capital at $8/ hour. If the marginal product of labor 60 units of outputhour and the marginal product of capital is 45 units/hour, is (a) the firm at a cost minimization and, (b) if not, should the firm increase labor or capital? a. Yes, no change needed b. Yes, but Labor can be increased c. No, Labor d. No, Capital.

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10. The probability that john will come to school on any given day is 82%. What is the probability that he will come to school ( 5 school days in a week): ( 2 pts each) a) every day in one week b) 10days c) at least on2daythis week Form A

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10 The probability that john will come to school on any giv.pdf

  • 1. 10. The probability that john will come to school on any given day is 82%. What is the probability that he will come to school ( 5 school days in a week): ( 2 pts each) a) every day in one week b) 10days c) at least on2daythis week Form A