Author Question: Marginal cost ________ as the quantity produced is increased. A) first increases and then ... (Read 115 times)

Chloeellawright · **on:** Jun 29, 2018

Marginal cost ________ as the quantity produced is increased.

A) first increases and then decreases
B) first decreases and then increases
C) always increases
D) always decreases

Question 2

To help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment. Using the above figure, the area that equals the lost consumer surplus from this tax on sports equipment is

A) bcd.
B) P1P2cd.
C) P2P3ec.
D) ced.