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Author Question: Archibald's Tattoos is a perfectly competitive firm. The firm's costs are shown in the table above. ... (Read 324 times)

evelyn o bentley

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on: Jun 29, 2018
Archibald's Tattoos is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price of a tattoo is 17.50, what is the firm's economic profit?
 
  A) zero
  B) 2.50 per hour
  C) 12.50 per hour
  D) -10.00 per hour

Question 2

The figure above illustrates the marginal benefit and marginal cost of different quantities of national defense. What is the political equilibrium if voters are well informed?
 
  A) 0 units
  B) between 0 and 3 units
  C) 3 units
  D) 5 units


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brittiany.barnes

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

B

Answer to Question 2

C


evelyn o bentley

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

ghepp

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

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