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Author Question: In the above table, the total variable cost of producing 16 units of output is A) 20. B) 60. C) ... (Read 44 times)

sheilaspns

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  • Posts: 567
on: Jun 29, 2018
In the above table, the total variable cost of producing 16 units of output is
 
  A) 20.
  B) 60.
  C) 100.
  D) 120.

Question 2

Relative to a perfectly competitive market with the same cost and demand, a single-price monopolist produces ________ output and has a ________ price.
 
  A) more; higher
  B) less; lower
  C) more; lower
  D) less; higher


Jmfn03

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  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


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