What most likely will happen if the pie maker bakes a seventh pie?
a) the marginal cost will most likely decrease to $1.00
b) the marginal cost will most likely increase to $2.00
c) the marginal revenue will most likely remain the same, not decrease to $8.00.
d) the marginal revenue will most likely remain the same, not increase to $12.00.

The distinction between a normal and an inferior good is

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The wall street journal reported that walmart stores inc. is planning to lay off 2,300 employees at its sam's club warehouse unit. approximately half of the layoffs will be hourly employees (the wall street journal, january 25-26, 2014). suppose the following data represent the percentage of hourly employees laid off for 15 sam's club stores. 55 56 44 43 44 56 60 62 57 45 36 38 50 69 65 (a) compute the mean and median percentage of hourly employees being laid off at these stores. (b) compute the first and third quartiles. (c) compute the range and interquartile range. (d) compute the variance and standard deviation. (e) do the data contain any outliers? (f) based on the sample data, does it appear that walmart is meeting its goal for reducing the number of hourly employees?