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kow [346]
3 years ago
12

Chin purchases five protein bars at a price of $3 each. The marginal benefit he receives from each bar is $5 for the first bar,

$4.50 for the second bar, $4 for the third bar, $3.50 for the fourth bar, and $3 for the fifth bar. The marginal cost of producing the bars is $2 each. What is Chin's total consumer surplus from the five bars that he purchased
Business
1 answer:
Juli2301 [7.4K]3 years ago
7 0

Answer:

$5

Explanation:

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Answer:

The correct word for the blank space is: competitive.

Explanation:

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3 years ago
Is a measurement of the way suppliers respond to a change in price
KengaRu [80]

Answer:

Elasticity

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Good Luck!

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3 years ago
Classifying costs by behavior with changes in volume of activity involves: Multiple Choice Identifying fixed cost and variable c
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Answer:

Identifying fixed cost and variable cost.

Explanation:

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If the market wage decreases from 30 ($/hr) to 20 ($/hr), what is the decrease inthe net benefit achieved from working in the ec
igomit [66]

Answer:

Please see below

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B. The two factors at work is demand and supply.

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