1. Business
  2. Economics
  3. 2 if someone tells you that they prefer watching the...

Question: 2 if someone tells you that they prefer watching the...

Question details

2) If someone tells you that they prefer watching the 49ers to watching the Sharks, ro prefer watching the Sharks to watching the Warriors, and prefer watching the Warriors to watching the 49ers, what basic assumption of economics are they violating? 3) Suppose demand in the market for oranges is characterized by the demand equation QD 25-0.25P. a) What is the marginal revenue of the 5th orange produced? b) What is the marginal revenue of the 10th orange produced?
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution