« previous next »

Author Question: If the transaction between you and the seller takes place at a price that equals your valuation of ... (Read 70 times)

mckennatimberlake

  • Hero Member
  • *****
  • Posts: 559
on: Jun 30, 2018
If the transaction between you and the seller takes place at a price that equals your valuation of the product, then:
 a. you realize all the gains from this transaction.
  b. the gains from this transaction are equally divided between the two of you.
  c. the entire economic value created by the transaction goes to the seller.
  d. the economic value created by this transaction is sub-optimal.

Question 2

If the total cost of producing 6 units is 228 and the total cost of producing 7 units is 245, what is the marginal cost of producing the seventh unit?
 a. 35
  b. 245
  c. 3
  d. 38
  e. 17


Ahernandez18

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

e


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
A typical clean-in-place system A typical clean-in-place system
Mobilize the ankle using the heels of the hands. Place a palm on either side of the ankle just below ... Mobilize the ankle using the heels of the hands. Place a palm on either side of the ankle just below ...
Rhythmic sliding compression down the spine and effleurage with palms back to the head. Place palms ... Rhythmic sliding compression down the spine and effleurage with palms back to the head. Place palms ...
Rhythmic compression to shoulders. Stand at the head and place one hand on each shoulder. Gently ... Rhythmic compression to shoulders. Stand at the head and place one hand on each shoulder. Gently ...
School can be discouraging and frustrating place for a child with a learning disability School can be discouraging and frustrating place for a child with a learning disability
Video: Nucleic acid digestion -small intestine

For a complete list of videos, visit our video library