Jason an Melissa are both aspiring chefs. Jason can prepare a tray of lasagna in 15 minutes. He can prepare a cake in 30 minutes. Melissa can prepare a tray of lasagna in 45 minutes. She can prepare a cake in 15 minutes. Based on this information which statement is correct? a. Jason's opportunity cost of lasagna is 1/2 cake, while Melissa's opp. cost of lasagna is 3 cakes.
b. Jason's opportunity cost of cake is 2 lasaqna, while Melissa's opp. cost of cake is 3 lasagna.
c. Jason's opportunity cost of lasagna is 2 cakes, while Melissa's opp. cost of lasagna is 1/3 cake.
d. Jason's opportunity cost of cake is 1 lasagna, while Melissa's opp, cost of cake is 2 lasagna.

Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the company’s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firm’s costs increase, and lower the price whenever a firm’s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do

In return for their with optimizing his painting project, the castle servant informed poly and digit that he saw someone dressed as the king leaving behind a trail of crumbs as he walked into the jester's room late last night. poly and digit have finally found the crisp-collecting culprit — it turns out the jester's shoe size and hair color match the clues that were found! in gratitude, poly and digit agree to the servant with his current task of replacing all of the tables and chairs in the castle. his goal is to determine which furniture company should produce the new furniture. he receives information from a company that customizes elegant furniture, and he wants to analyze the company's production process in order to calculate some problems about cost and availability. read the following scenario, and assist poly and digit as they the servant with his calculations. the fit for a king furniture company requires 2020 hours of labor to produce a standard table, and a chair requires 1212 hours of labor. the labor available is 565565 hours per week. the company can produce at most 3535 chairs per week.

The simple interest in a loan of $200 at 10 percent interest per year is