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Author Question: A ________ model of the household assumes that a family maximizes its happiness under a budget ... (Read 35 times)

Sufayan.ah

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on: Jun 29, 2018
A ________ model of the household assumes that a family maximizes its happiness under a budget constraint that pools all of its income, wealth, and time.
 
  A) unitary
  B) secondary
  C) tertiary
  D) primary

Question 2

Suppose a monopolistic competitor produces 2,000 units of the good in equilibrium and charges a price of 10 for each unit. If the average total cost of producing 2,000 units of the good is 6, what is the total profit earned by the producer?
 
  A) 8,000
  B) 4,000
  C) 2,000
  D) 20,000


tandmlomax84

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

A

Answer to Question 2

A


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Sufayan.ah

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Reply #2 on: Jun 29, 2018
Thank you


tandmlomax84

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Reply #3 on: Jun 29, 2018
No problemo


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