The marginal cost of buying a fifth gallon of milk is

Assignment Help Macroeconomics
Reference no: EM13335624

Ralph wants to buy some milk and a box of cereal. If Ralph buys 4 gallons of milk at $3.00 per gallon, the box of cereal costs $2.00. If he buys 5 gallons of milk, the box of cereal is free. For Ralph, the marginal cost of buying a fifth gallon of milk is?

Reference no: EM13335624

Questions Cloud

Draw a context diagram and a level-0 dfd : develop the report having each task clearly numbered togetherwith your answer. You are also expected to write an introduction and conclusion for this report.In performing the following tasks, you have to strictly follow all diagramming rules used ..
What is the net force on the motorcycle : A motorcycle and rider have a total mass equal to 295 kg. What is the net force on the motorcycle
Explain c9h7nhbr is a salt containing the ions c9h7nh+ : Suppose that you have 0.500 L of each of the following solutions, and an unlimited supply of water. (Note: C9H7NHBr is a salt containing the ions C9H7NH+ and Br- and C9H7N is quinoline
How might this cause the your income or someone you know : List 1 thing the government can do to pull a nation out of a recession using fiscal policy? How might this cause the your income or someone you know's income to rise?
The marginal cost of buying a fifth gallon of milk is : Ralph wants to buy some milk and a box of cereal. If Ralph buys 4 gallons of milk at $3.00 per gallon, the box of cereal costs $2.00. If he buys 5 gallons of milk, the box of cereal is free. For Ralph, the marginal cost of buying a fifth gallon of mi..
Design strategy to test compliance : As best you can from the limited amount of information provided, design a strategy to test compliance with the eligibility provisions and propose, in general terms, an approach to fulfilling the mandate of the city council.
Identify the economic incentives that motivate private firms : Identify the economic incentives that motivate private firms to engage in pollution prevention activities. How might the government devise policy initiatives to exploit these natural incentives?
At what rate of return are the two alternatives equivalent : Alternative 2 $150 cash now plus $100 per month for 20 month beginning the first day of next month.
Explain with the reaction 4fes2+11o---> 2feo3 +8so2 : With this reaction 4FeS2+11O---> 2FeO3 +8SO2 A) how many molecules of SO2 are contained in 0.526 of this component? B) if 1.42 g of FeS2 reacts , how many SO2 grams are formed

Reviews

Write a Review

 

Macroeconomics Questions & Answers

  What is constant regardless of the quantity demanded

Price can be substituted for marginal revenue in the MR = MC rule when an industry is purely competitive because price minus cost equals marginal revenue. and marginal cost are the same in pure competition. is the same as average revenue.

  How one conducts an f test to test such a hypothesis

What is the probability that all the population slope coefficients are actually zero, but the coefficients we estimated are different from zero due merely to random sampling variability In other words, what is the probability that the R2 is actual..

  Cross exchange rate between currencies

What was the cross-exchange rate between the Real and the Peso in 2001? Real____/Peso. What was cross-exchage rate between Real and Peso in 2002? Real_____/Peso.

  Multiple choice - macro economics

A change in reserve needs of depository institutions is the policy tool most frequently used through the Federal Reserve to influence economic activity

  Rank the loan options using present worth analysis

Suppose our business plans to take out a 5-year loan for $100,000. The after-tax MARR is 10%, the tax rate is 40%, and the loan interest rate is 15%. Rank the following loan options using present worth analysis: Method 1: Balloon loan (pay only in..

  Describe how real gdp per capita has changed throughout the

Describe how real GDP per capita has changed throughout the world from 1820 to the present. 1.3 How is labor productivity related to the standard of living?

  Elucidate how would this technological changes

Elucidate how would this technological change affect the price elasticity of demand for natural gas

  Identifying the optimal input choice of inputs

The largo publishing house uses 400 printers and 200 printing presses to produce books. A printer's wage rate is $20, and the price of the printing press is $5,000.

  How will the action in wisconsin hinder or boost the labor

The other event is the successful effort in Wisconsin to curb the power of labor unions representing State workers in that State. Similar efforts have been made in other States. In Wisconsin, workers have been forced to give up most rights to barg..

  Opportunity price of an investment is the real roi

The opportunity price of an investment is the real rate of interest, and that's why investment demand depends on the the real interest rate.

  Profit maximizing behavior of natural monopoly

Compute total revenue, marginal revenue, marginal cost, and average total cost of this natural monopoly. What is the profit maximizing output and price for this natural monopoly when the government does not regulate it?

  Ticket for upper-deck tickets overlooking the end zone

Is it price discrimination when a professional football team charges say, $150 per ticket for 50-yard-line tickets in the lower deck and $50 per ticket for upper-deck tickets overlooking the end zone?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd