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Author Question: National defense is an example of a ________. A) public good B) natural monopoly good C) common ... (Read 93 times)

naturalchemist

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on: Jun 29, 2018
National defense is an example of a ________.
 
  A) public good
  B) natural monopoly good
  C) common resource
  D) private good

Question 2

The table above shows output and costs of Evan's Subs, a typical perfectly competitive firm in a local market for sandwiches. Evan's fixed cost is 9 per hour. The current market price of a sandwich is 6. What is Evan's shut-down price?
 
  A) 6 per sandwich
  B) 4 per sandwich
  C) 3 per sandwich
  D) 5 per sandwich


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djofnc

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

A

Answer to Question 2

D


naturalchemist

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Reply 2 on: Jun 29, 2018
Excellent

cdmart10

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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