SET-K: Last Name: F18: ECON 205 Instructions/Suggestions 1. Please note the SET on Question paper and...

 

Transcribed Image Text:

SET-K: Last Name: F18: ECON 205 Instructions/Suggestions 1. Please note the SET on Question paper and write this SET on Scantron Form No. 882-ES 2. Write your LAST and FIRST NAME (UPPER CASE please) on Scantron and Question paper. 3. Read question(s) carefully before answering. 3. Identify the letter of the choice that best completes the statement or answers the question. 4. Total 100 points. Total 50 Questions. All questions carry equal weight. 5. You alone responsible for illegible markings. 6. When you finished, turn-in both scantron and question paper, and sign on Test attendence sheet. GOOD LUCK Quantity Produced (pairs) 0 1 Table 15-7 Sally owns the only shoe store in town. She has the following cost and revenue information. REVENUES 2 3 4 5 TEST-2 6 7 8 COSTS Total Cost (S) B) $44 C) $60 D) $46 100 140 184 230 280 335 395 475 565 Marginal Cost ww Quantity Demanded First Name: 0 1 2 3 4 5 6 7 8 Price (Sunit) 170 160 150 140 130 120 110 100 90 Total Marginal Revenue Revenue 1. Refer to Table 15-7. What is the marginal revenue from selling the 2nd pair of shoes? $140 $150 $160 $170 stefer to Table 15-7. What is the marginal cost of the 6th pair of shoes? A) $55 1 of 12 SET-K: Last Name: F18: ECON 205 Instructions/Suggestions 1. Please note the SET on Question paper and write this SET on Scantron Form No. 882-ES 2. Write your LAST and FIRST NAME (UPPER CASE please) on Scantron and Question paper. 3. Read question(s) carefully before answering. 3. Identify the letter of the choice that best completes the statement or answers the question. 4. Total 100 points. Total 50 Questions. All questions carry equal weight. 5. You alone responsible for illegible markings. 6. When you finished, turn-in both scantron and question paper, and sign on Test attendence sheet. GOOD LUCK Quantity Produced (pairs) 0 1 Table 15-7 Sally owns the only shoe store in town. She has the following cost and revenue information. REVENUES 2 3 4 5 TEST-2 6 7 8 COSTS Total Cost (S) B) $44 C) $60 D) $46 100 140 184 230 280 335 395 475 565 Marginal Cost ww Quantity Demanded First Name: 0 1 2 3 4 5 6 7 8 Price (Sunit) 170 160 150 140 130 120 110 100 90 Total Marginal Revenue Revenue 1. Refer to Table 15-7. What is the marginal revenue from selling the 2nd pair of shoes? $140 $150 $160 $170 stefer to Table 15-7. What is the marginal cost of the 6th pair of shoes? A) $55 1 of 12

Answer rating: 100% (QA)

Answer Quantity Produced Fixed Cost Variable Cost Total Cost Marginal C... View the full answer