Multiple Choice
Many large universities rent out parts of their campuses to conference groups during the summer because such groups cause little damage, require little staff attention, and bring in large amounts of income.A university's decision to rent its campus to a conference group is most clearly based on
A) the idea that price and quantity selection is a single decision.
B) the principle of decreasing returns to scale.
C) marginal analysis.
D) average cost considerations.
Correct Answer:

Verified
Correct Answer:
Verified
Q113: An airline can profit by offering standby
Q114: Using marginal analysis, explain why many restaurants
Q115: Total profit equals<br>A)TR − TC.<br>B)average profit times
Q116: In the short run, which are most
Q117: If at optimum output of 1,000 units,
Q119: When marginal cost exceeds marginal revenue,<br>A)marginal profit
Q120: Marginal profit equals the difference between marginal
Q121: All business firms should consider their fixed
Q122: In 1984, British Prime Minister Margaret Thatcher
Q123: Assume that you have taken over management