You own a bakery shop. One of your customers places an order for 12 cupcakes. You plan to charge the customer $15.00. Ar the last mimut, the eter im the cupcake order to 13 total cupcakes. You accommodate the request and charge the customer $16.00, Which of the following satemen i com O The 13th cupcake yields a marginal revenue of $1.0o0 O Your total cost is S16.00 O Your profit is equal to $16.00. The 13th cupcake yields a marginal cost of $1.00 O The 13th cupcake yields a marginal profit of S1.00
You own a bakery shop. One of your customers places an order for 12 cupcakes. You plan to charge the customer $15.00. Ar the last mimut, the eter im the cupcake order to 13 total cupcakes. You accommodate the request and charge the customer $16.00, Which of the following satemen i com O The 13th cupcake yields a marginal revenue of $1.0o0 O Your total cost is S16.00 O Your profit is equal to $16.00. The 13th cupcake yields a marginal cost of $1.00 O The 13th cupcake yields a marginal profit of S1.00
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: Firms In Competitive Markets
Section: Chapter Questions
Problem 7PA
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