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Author Question: What is a firm's markup? What does it show? What will be an ideal ... (Read 35 times)

Kthamas

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on: Jun 29, 2018
What is a firm's markup? What does it show?
 
  What will be an ideal response?

Question 2

Diminishing marginal returns means that the firm definitely is experiencing
 
  A) diseconomies of scale.
  B) constant returns to scale.
  C) Both answers A and B are correct.
  D) Neither answer A nor B is correct.


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jaygar71

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A firm's markup is the amount by which price exceeds marginal cost. A markup shows that buyers pay more than the firm's marginal cost.

Answer to Question 2

D


Kthamas

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

dreamfighter72

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Reply 3 on: Yesterday
Excellent

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