This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Marginal cost is the change in the: A) total cost associated with producing one more unit of ... (Read 98 times)

Ebrown

  • Hero Member
  • *****
  • Posts: 567
on: Jun 29, 2018
Marginal cost is the change in the:
 
  A) total cost associated with producing one more unit of output.
  B) average total cost associated with producing one more unit of output
  C) average variable cost associated with producing one more unit of output.
  D) opportunity cost associated with producing one more unit of output.

Question 2

Which of the following firms is likely to have the highest market power?
 
  A) A perfectly competitive firm
  B) A monopolistic competitor
  C) A monopoly
  D) An oligopoly with homogeneous products


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Eazy416

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Ebrown

  • Member
  • Posts: 567
Reply 2 on: Jun 29, 2018
Excellent

deja

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Total hip prosthesis. Total hip prosthesis.
Change in air temperature at various air flow rates for a 2 pass operation Change in air temperature at various air flow rates for a 2 pass operation
Defining Climate Change Defining Climate Change
Population Growth and Change Population Growth and Change
Climate change affects organisms and ecosystems Climate change affects organisms and ecosystems
Infant formula is available in several forms and varies in cost and ingredients Infant formula is available in several forms and varies in cost and ingredients
Video: Genetic distance between human groups

For a complete list of videos, visit our video library