# Dif 2 ref 1 1 nat analytic loc marginal costs

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DIF:2REF:1-1NAT:AnalyticLOC:Marginal costs & benefitsTOP:Marginal changesMSC:Applicative61.The average cost per seat on the 50-passenger Floating-On-Air Bus company's trip from Kansas City to St.Louis, on which no refreshments are served, is \$45. In advance of a particular trip, three seats remain unsold.The bus company could increase its profit only if ita.charged any ticket price above \$0 for the three remaining seats.b.charged at least \$15 for each of the three remaining seats.c.charged at least \$45 for each of the three remaining seats.d.paid three people to occupy the three remaining seats.ANS:ADIF:2REF:1-1
NAT:AnalyticLOC:Marginal costs & benefitsTOP:Marginal costMSC:ApplicativeThis edition is intended for use outside of the U.S. only, with content that may be different from the U.S. Edition. This may not be resold, copied,or distributed without the prior consent of the publisher.
Chapter 1/Ten Principles of Economics1962.Tom is restoring a car and has already spent \$3500 on the restoration.He expects to be able to sell the car for\$5000.Tom discovers that he needs to do an additional \$2000 of work to make the table worth \$5000 topotential buyers.He could also sell the car now, without completing the additional work, for \$2800.Whatshould he do?DIF:3REF:1-1
NAT:AnalyticLOC:Marginal costs & benefitsTOP:Marginal changesMSC:Analytical63.Traci is planning to sell her house, and she is considering making two upgrades to the house before listing itfor sale.Replacing the carpeting will cost her \$3,000 and replacing the roof will cost her \$6,000.Traciexpects the new carpeting to increase the value of her house by \$2,500 and the new roof to increase the valueof her house by \$7,500.

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