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Author Question: Which of the following things does not have an objective cost? A) Platinum B) Water C) Ski lift ... (Read 29 times)

CQXA

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  • Posts: 546
on: Jun 29, 2018
Which of the following things does not have an objective cost?
 
  A) Platinum
  B) Water
  C) Ski lift tickets
  D) Medical equipment
  E) None of the above has an objective cost.

Question 2

In the figure above, if the firm is regulated using an average cost pricing rule, the deadweight loss created is equal to the area of
 
  A) ABG.
  B) BEFG.
  C) BCFG.
  D) BCE.
  E) None of the above because there is no deadweight loss created.


mammy1697

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

E

Answer to Question 2

D


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