Marginal cost function in the beer industry derives

Assignment Help Business Economics

Reference no: EM13861811

An economy produces 2 goods soda a beer. Fully explain why the marginal cost function in the beer industry derives from the marginal benefits of the soda that is given up when beer is produced.

Reference no: EM13861811

Questions Cloud

What is the appropriate criterion : A local restaurant initially estimated a large demand for dining in a space near a floor-to-ceiling fish tank. The cost of the tank is $8 million. Does this statement reflect the appropriate decision-making criteria? What is the appropriate criterion..

Condensation of one mole of water : One mole of H2O(g) at 1.00 atm and 100.°C occupies a volume of 30.6 L. When one mole of H2O(g) is condensed to one mole of H2O(l) at 1.00 atm and 100.°C, 40.66 kJ of heat is released. If the density of H2O(l) at this temperature and pressure is 0.996..

What is its expected economic profit : AppsAlot is a small company that develops a variety of apps for smart phones. Management desires to raise $10 million in funds to initiate and continue various projects. With that funding, they project an earnings (net of all expenses except capital ..

What is the concentration of nitric acid : A 20.00 mL sample of 0.1015 M nitric acid is introduced into a flask, and water is added until the volume of the solution reaches 250.00 mL. What is the concentration of nitric acid in the final solution?

Marginal cost function in the beer industry derives : An economy produces 2 goods soda a beer. Fully explain why the marginal cost function in the beer industry derives from the marginal benefits of the soda that is given up when beer is produced.

Rental rate of capital coupled with no change in wage rate : Explain, using the isoquant-isocost diagram, why a rise in the rental rate of capital coupled with no change in the wage rate will lead to a rise in the price of the capital-intensive good relative to the price of the labor-intensive good.

Calculate the volume occupied by 35.2 g : Calculate the volume occupied by 35.2 g of methane gas (CH4) at 25°C and 1.0 atm. (R = 0.08206 L*atm/K*mol)

Price-specie-flow mechanism operates to maintain balanced : Explain how the price-specie-flow mechanism operates to maintain balanced trade between countries. What are the assumptions that are critical to the mechanism's successful operation?

Discuss the marketing plan insights p&g has gained through : Discuss the marketing plan insights P&G has gained through its Vietnamese marketing studies

User Account

All Pages