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Author Question: Refer to the figure above. What is the optimal number of machines rented if the market rental price ... (Read 50 times)

Davideckstein7

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on: Jun 29, 2018
Refer to the figure above. What is the optimal number of machines rented if the market rental price is 8 per month?
 
  A) 20 machines
  B) 40 machines
  C) 160 machines
  D) 180 machines

Question 2

The marginal revenue curve of a monopolistic competitor ________.
 
  A) lies above the demand curve
  B) lies below the demand curve
  C) is the same as the demand curve
  D) is the same as the supply curve


chinwesucks

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

A

Answer to Question 2

B


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