« previous next »

Author Question: If the transaction between you and the seller takes place at a price that equals your valuation of ... (Read 67 times)

mckennatimberlake

  • Hero Member
  • *****
  • Posts: 559
on: Jun 30, 2018
If the transaction between you and the seller takes place at a price that equals your valuation of the product, then:
 a. you realize all the gains from this transaction.
  b. the gains from this transaction are equally divided between the two of you.
  c. the entire economic value created by the transaction goes to the seller.
  d. the economic value created by this transaction is sub-optimal.

Question 2

If the total cost of producing 6 units is 228 and the total cost of producing 7 units is 245, what is the marginal cost of producing the seventh unit?
 a. 35
  b. 245
  c. 3
  d. 38
  e. 17


Ahernandez18

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

e


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Filter in the vena cava prevents an embolus from traveling to the heart, lungs, or brain; A, Greenfi Filter in the vena cava prevents an embolus from traveling to the heart, lungs, or brain; A, Greenfi
Who Takes Care of the Children While the Mothers Are at Work? Who Takes Care of the Children While the Mothers Are at Work?
Place one hand on the medial and one on the lateral thigh to begin horizontal stroking. Slide hands ... Place one hand on the medial and one on the lateral thigh to begin horizontal stroking. Slide hands ...
Knead the calf muscles with both hands. Place the foot flat on the table, knee bent. Reach behind ... Knead the calf muscles with both hands. Place the foot flat on the table, knee bent. Reach behind ...
Apply L stroke under the mandible. Place your middle and ring fingers under the tip of the chin; ... Apply L stroke under the mandible. Place your middle and ring fingers under the tip of the chin; ...
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Helper T cell receptors, activation, proliferation, differentiation & action

For a complete list of videos, visit our video library