This topic contains a solution. Click here to go to the answer

Author Question: Sellers in a geographically centralized market have higher transaction costs compared to those in a ... (Read 65 times)

anshika

  • Hero Member
  • *****
  • Posts: 510
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Tabitha_2016

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

F

Answer to Question 2

a




anshika

  • Member
  • Posts: 510
Reply 2 on: Jun 30, 2018
:D TYSM


robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Excellent

 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

For a complete list of videos, visit our video library