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Author Question: The schedules in the table give the marginal social benefit and marginal social cost of a DVD. If ... (Read 70 times)

SO00

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on: Jun 29, 2018
The schedules in the table give the marginal social benefit and marginal social cost of a DVD. If the number of DVD produced is cut to 2 a week, then the ________.
 
  A) minimum supply-price of the second DVD is 18
  B) price is 18 a DVD
  C) opportunity cost of the second DVD is 22
  D) value of the second DVD is 20

Question 2

The accountant for Muzhi's Sushi claims that Muzhi has accomplished technological efficiency. This means that Muzhi's Sushi
 
  A) produces a given output using the least inputs.
  B) produces a given output at the lowest cost.
  C) has an economic profit greater than a normal profit.
  D) has a normal profit greater than an economic profit.


gasdhashg

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

A

Answer to Question 2

A


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