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Author Question: In the short run both the monopolistically competitive firm and the perfectly competitive firm will ... (Read 64 times)

Brittanyd9008

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on: Jun 30, 2018
In the short run both the monopolistically competitive firm and the perfectly competitive firm will charge a price equal to marginal cost.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A bus is mostly filled with passengers and ready to travel from Los Angeles to San Francisco. At the last minute, a person comes running up to the bus and takes a seat. The change in the bus company's total cost as a result of transporting one more passenger on this trip is called:
 a. marginal cost.
  b. average total cost.
  c. variable cost.
  d. fixed cost.
  e. opportunity cost.


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AISCAMPING

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

False

Answer to Question 2

a


Brittanyd9008

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  • Posts: 500
Reply 2 on: Jun 30, 2018
Gracias!

emsimon14

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

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