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Q: Owen runs a delivery business and currently employs three drivers. He owns three vans that employees use to make deliveries, but he is considering hiring a fourth driver. If he hires a fourth driver,
he can schedule breaks and lunch hours so all three vans are in constant use, allowing him to increase deliveries per day from 60 to 75. This will cost an additional \$75 per day to hire the fourth driver. The marginal cost per delivery of increasing output beyond 60 deliveries per day
A: Can you kindly specify what is your question based on the statement please ?
Original conversation
User: Owen runs a delivery business and currently employs three drivers. He owns three vans that employees use to make deliveries, but he is considering hiring a fourth driver. If he hires a fourth driver, he can schedule breaks and lunch hours so all three vans are in constant use, allowing him to increase deliveries per day from 60 to 75. This will cost an additional \$75 per day to hire the fourth driver. The marginal cost per delivery of increasing output beyond 60 deliveries per day

Weegy: Can you kindly specify what is your question based on the statement please ?
bongche|Points 3356|

User: Owen runs a delivery business and currently employs three drivers. He owns three vans that employees use to make deliveries, but he is considering hiring a fourth driver. If he hires a fourth driver, he can schedule breaks and lunch hours so all three vans are in constant use, allowing him to increase deliveries per day from 60 to 75. This will cost an additional \$75 per day to hire the fourth driver. The marginal cost per delivery of increasing output beyond 60 deliveries per day A. is \$0 because Owen does not have to purchase another van B. is \$5 C. is \$75 D. cannot be calculated without knowing Owen's total fixed costs

Weegy: D. cannot be calculated without knowing Owen's total fixed costs
markworley|Points 330|

User: Expected economic profit per unit is equal to A. expected price B. expected average total cost C. the difference between expected average price and expected average total cost D. the difference between expected total revenue and expected total cost

User: If a firm in a perfectly competitive market experiences a technological breakthrough, A. other firms would find out about it eventually B. other firms would find out about it immediately C. other firms would not find out about it D. some firms would find out about it, but others would not

User: A monopoly firm is different from a competitive firm in that A. there are many substitutes for a monopolist's product while there are no substitutes for a competitive firm's product B. a monopolist's demand curve is perfectly inelastic while a competitive firm's demand curve is perfectly elastic C. a monopolist can influence market price while a competitive firm cannot D. a competitive firm has a U-shaped average cost curve while a monopolist does not

Weegy: A monopoly firm is different from a competitive firm in that: B. a monopolist's demand curve is perfectly inelastic while a competitive firm's demand curve is perfectly elastic
debnjerry|Points 38900|

User: The difference between a perfectly competitive firm and a monopolistically competitive firm is that a monopolistically competitive firm faces a A. horizontal demand curve and price equals marginal cost in equilibrium B. horizontal demand curve and price exceeds marginal cost in equilibrium C. downward-sloping demand curve and price equals marginal cost in equilibrium D. downward-sloping demand curve and price exceeds marginal cost in equilibrium

Weegy: B. horizontal demand curve and price exceeds marginal cost in equilibrium
uxiali|Points 730|

User: As long as marginal cost is below marginal revenue, a perfectly competitive firm should A. increase production B. hold production constant C. decrease production D. reconsider past production decisions

Weegy: if the cost is less than the reward, them the company would want to increase production, A.
grant-laura|Points 10|

User: In the Flint Hills area of Kansas, proposals to build wind turbines to generate electricity have pitted environmentalist against environmentalist. Members of the Kansas Sierra Club support the turbines as a way to reduce fossil fuel usage, while local chapters of the Nature Conservancy say they will befoul the landscape. The Sierra Club argues that wind turbines A. are a source of negative externalities B. reduce negative externalities elsewhere in the economy C. create a free-rider problem D. are a way of solving a free-rider problem

ajcabrias|Points 80|

User: In the Flint Hills area of Kansas, proposals to build wind turbines to generate electricity have pitted environmentalist against environmentalist. Members of the Kansas Sierra Club support the turbines as a way to reduce fossil fuel usage, while local chapters of the Nature Conservancy say they will befoul the landscape. The Sierra Club argues that wind turbines A. are a source of negative externalities B. reduce negative externalities elsewhere in the economy C. create a free-rider problem D. are a way of solving a free-rider problem

ajcabrias|Points 80|

User: In the Flint Hills area of Kansas, proposals to build wind turbines to generate electricity have pitted environmentalist against environmentalist. Members of the Kansas Sierra Club support the turbines as a way to reduce fossil fuel usage, while local chapters of the Nature Conservancy say they will befoul the landscape. The Sierra Club argues that wind turbines A. are a source of negative externalities B. reduce negative externalities elsewhere in the economy C. create a free-rider problem D. are a way of solving a free-rider problem '

ajcabrias|Points 80|

User: A merger between a textile mill and a clothing manufacturing company would be considered a A. horizontal merger B. vertical merger C. conglomerate merger D. diagonal merger

Weegy: A merger between a textile mill and a clothing manufacturing company would be considered a verticle merger.
A vertical merger involves firms that have a current or potential buyer-seller relationship.

User: A merger between a baby food company and a life insurance company would be considered a A. horizontal merger B. vertical merger C. conglomerate merger D. diagonal merger

User: From the point of view of consumer and producer surplus, what problem may be created when a country subsidizes the cost of energy to consumers to help alleviate the burden of higher energy costs? A. It hurts the poor and benefits the rich. B. It leads to less fuel being used than the amount that maximizes consumer surplus. C. It encourages the consumption of too much fuel at the expense of other goods. D. It has no effect; consumers gain a surplus, but taxpayers lose the same amount because they must finance the subsidy.

Weegy: B. It leads to less fuel being used than the amount that maximizes consume
jeifunk|Points 7506|

User: Suppose people freely choose to spend 40 percent of their income on health care, but the government decides to tax 40 percent of a person's income to provide the same level of coverage as before. What can be said about deadweight loss in each case? A. Taxing income results in deadweight loss, while purchasing health care on one's own does not result in deadweight loss. B. Taxing income results in less deadweight loss, because government knows better what health care coverage is good for society. C. There is no difference because the goods are purchased in the market in either case. D. There is no difference because the total spending remains the same and the health care purchased remains the same.

Weegy: B. Taxing income results in less deadweight loss, because government knows better what health care coverage is good for
Booknerd_lizzy|Points 310|

User: The U.S. textile industry is relatively small because the US imports most of its clothing. A clear result of the importation of clothing is A. there is less variety available than there would be without imports B. the quality of clothing is lower than it would be without imports C. the price of clothing is higher than it would be without imports D. the price of clothing is lower than it would be without imports

Weegy: A clear result of the importation of clothing is D. the price of clothing is lower than it would be without imports.

User: Countries can expect to gain from international trade as long as they A. keep production diversified B. specialize according to their comparative advantage C. produce only those goods for which they have a relatively high opportunity cost D. use trade restrictions to reduce competition for domestic producers

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