Multiple Choice
You sell hot dogs at a baseball game for $3.25 each. You have 100 hot dogs to sell at an average cost to you of $2.00 each. The marginal cost at q=100 is $1.95. Assume you can always sell out of hot dogs. Will increasing the number of hotdogs you have to sell increase or decrease your profit?
A) increase
B) decrease
Correct Answer:

Verified
Correct Answer:
Verified
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