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Author Question: If a firm's rent increases, it will affect its cost structure in which of the following ways? A) ... (Read 78 times)

lbcchick

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on: Jul 1, 2018
If a firm's rent increases, it will affect its cost structure in which of the following ways?
 
  A) AVC will increase.
  B) MC will increase.
  C) TFC will increase.
  D) All of the above will increase.

Question 2

When a firm has a monopoly in a market and also perfectly price discriminates, total welfare
 
  A) is maximized.
  B) is lower than in a perfectly competitive market.
  C) is higher than in a perfectly competitive market.
  D) is minimized.


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jlaineee

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


lbcchick

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

ttt030911

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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