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Author Question: Refer to Figure 3-2. A decrease in the number of firms in the market would be represented by a ... (Read 50 times)

tiffannnnyyyyyy

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on: Jun 29, 2018
Refer to Figure 3-2. A decrease in the number of firms in the market would be represented by a movement from
 
  A) A to B. B) B to A. C) S1 to S2. D) S2 to S1.

Question 2

Competition forces firms to produce and sell products as long as the ________ to consumers exceeds the ________ of production.
 
  A) marginal benefit; marginal cost B) marginal cost; marginal benefit
  C) marginal benefit; marginal benefit D) marginal cost; marginal cost


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dreamfighter72

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


tiffannnnyyyyyy

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

xthemafja

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

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