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

Author Question: At outputs less than the minimum of average variable cost: a. marginal cost is greater than average ... (Read 48 times)

geoffrey

  • Hero Member
  • *****
  • Posts: 880
on: Jun 30, 2018
At outputs less than the minimum of average variable cost:
 a. marginal cost is greater than average variable cost.
  b. marginal cost is less than average variable cost.
  c. marginal cost is equal to average variable cost.
  d. marginal cost is parallel to average variable cost.

Question 2

At the twenty-fifth anniversary of the Woodstock Festival in 1994, there were many vendors who sold tie-dyed t-shirts. No matter where one went, each vendor was selling these t-shirts for 15 a piece. Which market structure model would best characterize such a situation?
 a. Perfect competition
  b. Monopolistic competition
  c. Monopoly
  d. Oligopoly
  e. Monopsony


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

irishcancer18

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

a


geoffrey

  • Hero Member
  • *****
  • Posts: 880
Reply #2 on: Jun 30, 2018
Correct answers!


irishcancer18

  • Sr. Member
  • ****
  • Posts: 310
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

The location of the variable fuel sensor can vary, depending on the make and model of vehicle, but ... The location of the variable fuel sensor can vary, depending on the make and model of vehicle, but ...
How to rearrange formulas to isolate for a variable (Part 2) How to rearrange formulas to isolate for a variable (Part 2)
Average Number of Days per Year with Thunderstorms Average Number of Days per Year with Thunderstorms
The average percentages by polygraph exams The average percentages by polygraph exams
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her
Video: ACTH/Cortisol (glycogenolysis, protein catabolism, lipolysis and gluconeogenesis)

For a complete list of videos, visit our video library