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Author Question: Based on the above figure, up to which level of output will Ike's Ice Cream Kitchen have increasing ... (Read 25 times)

ahriuashd

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on: Jun 29, 2018
Based on the above figure, up to which level of output will Ike's Ice Cream Kitchen have increasing marginal returns?
 
  A) only at 0 gallons
  B) up to 10 gallons
  C) up to 40 gallons
  D) up to 60 gallons

Question 2

The above figure shows the demand and cost curves for a monopolistically competitive firm in the long run. The firm has excess capacity of
 
  A) 4 units.
  B) 8 units.
  C) 16 units.
  D) 10.


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adammoses97

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

B

Answer to Question 2

B


ahriuashd

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

lindahyatt42

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Reply 3 on: Yesterday
Wow, this really help

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