Business, 04.07.2019 23:40 gummybear0
Asmall cruising ship that can hold up to 58 people provides three-day excursions to groups of 38 or more. if the group contains 38 people, each person pays $72. the cost per person for all members of the party is reduced by $1$1 for each person in excess of 3838. find the size of the group that maximizes income for the owners of the ship.
Answers: 1
Business, 22.06.2019 21:10
Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.
Answers: 3
Business, 22.06.2019 22:10
Which of the following tends to result in a decrease in the selling price of houses in an area? a. an increase in the population of the city or town. b. an increase in the labor costs of construction. c. an increase in the income of new residents in the city or town. d. an increase in mortgage interest rates.
Answers: 1
Business, 22.06.2019 22:40
When immigration adds to the size of the domestic labor pool, which of the following is likely to occur? a. wages decrease. b. productivity increases. c. consumption decreases. d. minimum wage increases.
Answers: 1
Asmall cruising ship that can hold up to 58 people provides three-day excursions to groups of 38 or...
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