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Author Question: Sellers in a geographically centralized market have higher transaction costs compared to those in a ... (Read 70 times)

anshika

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on: Jun 30, 2018
Sellers in a geographically centralized market have higher transaction costs compared to those in a decentralized market.
  Indicate whether the statement is true or false

Question 2

Assume that a firm's marginal revenue curve intersects the rising portion of the marginal cost curve at 100 units of output. At this output level, a profit-maximizing firm's total cost is 1,000 . If the price of the product is 10 per unit, the firm will earn an economic profit of:
 a. zero.
  b. 400.
  c. more than zero but less than 100.
  d. 100.
  e. more than 100.


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Tabitha_2016

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Reply #1 on: Jun 30, 2018
Answer to Question 1

F

Answer to Question 2

a


anshika

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

hramirez205

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

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