Which of the following situations
illustrates the concept of marginal resource
Burger Barns receives an extra $1.59
by selling another hamburger.
Costs at Daryl's Dairy rise by $.87
when it produces another gallon of milk.
Fred's Farms pays $.90 for each gallon
of fuel it needs to run equipment.
When the post office hires another
letter sorter, it can sort an extra 3000 letters per
None of the above.
Answer the next question using this table:
The firm can sell as much as it wants at a price of
If the firm maximizes profit, how much
labor will it hire?