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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. 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
A: The marginal cost per delivery of increasing output beyond 60 deliveries per day is $5.
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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 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: The marginal cost per delivery of increasing output beyond 60 deliveries per day is $5.
Expert answered|debnjerry|Points 31138|

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

Weegy: Expected economic profit per unit is equal to C. the difference between expected average price and expected average total cost
Expert answered|debnjerry|Points 31138|

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



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Asked 5/13/2012 4:47:00 PM
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