Multiple Choice
Cassie's Quilts alters,reconstructs,and restores heirloom quilts.Cassie has just spent $800 purchasing,cleaning,and reconstructing an antique quilt which she expects to sell for $1,500 once she is finished.After having spent $800,Cassie discovers that she would need some special period fabric that would cost her $200 in material and time in order to complete the task.Alternatively,she can sell the quilt "as is" now for $900.What is the marginal cost of completing the task?
A) $200
B) $500
C) $1,000
D) $1,000 plus the value of her time
Correct Answer:
Verified
Correct Answer:
Verified
Q183: Which of the following is a macroeconomic
Q184: As population declines,scarcity eventually disappears.
Q185: In a market economy,those who are willing
Q186: Allocative efficiency is achieved when<br>A)goods and services
Q187: Suppose the extra annual cost to a
Q189: One reason some manufacturing companies began moving
Q190: Marginal benefit is the benefit that your
Q191: What is the difference between accounting profit
Q192: Examining the conditions that could lead to
Q193: You explain to your friend Haslina,who runs