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Category > Economics Posted 22 Jun 2017 My Price 4.00

Sally runs a McDonald’s franchise.

Sally runs a McDonald’s franchise.

She is selling 20 Big Macs per day at a price of $3.25.

If she lowers the price to $3.20, she will sell 21 Big Macs.

What is the marginal revenue of the 21 st

Big Mac? If selling the extra Big Mac adds $1.0 to Sally’s costs, what will be the effect on her profit from selling 21 instead of 20?

Show all your work.

(2pts)

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SuperTutor
(15)
Status NEW Posted 22 Jun 2017 03:06 AM My Price 4.00

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