Javier is the business manager at his college. in his role, javier makes a lot of business decisions. javier has installed a vending machine in a dorm for soft drinks. the machine rents for $200 a month and the electrical use is minimal. javier buys soft drinks for $.25 each and charges $.75 each from the vending machine. currently, the machine has a sales volume of 400 cans a month. javier thinks raising the price to $.80 will not have any effect on sales. what impact would raising the price to $.80 have on overall profit or loss?
a. profit of $100
b. profit of $200
c. profit of $320
d. profit of $20
Answers: 1
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Suppose either computers or televisions can be assembled with the following labor inputs: units produced 1 2 3 4 5 6 7 8 9 10 total labor used 3 7 12 18 25 33 42 54 70 90 (a) draw the production possibilities curve for an economy with 54 units of labor. label it p54. (b) what is the opportunity cost of the eighth computer? (c) suppose immigration brings in 36 more workers. redraw the production possibilities curve to reflect this added labor. label the new curve p90.
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Javier is the business manager at his college. in his role, javier makes a lot of business decisions...
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