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Author Question: If a perfectly competitive firm sells 10 units of output at a market price of 5 per unit, its ... (Read 77 times)

biggirl4568

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on: Jun 30, 2018
If a perfectly competitive firm sells 10 units of output at a market price of 5 per unit, its marginal revenue per unit is:
 a. 5.
  b. 50.
  c. more than 5 but less than 50.
  d. less than 5.

Question 2

A law requiring sellers to pay the government a tax per pack on cigarettes has the effect of:
 a. shifting the supply curve to the right.
  b. shifting the demand curve to the right.
  c. shifting the supply curve to the left.
  d. shifting the demand curve to the left.


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akudia

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


biggirl4568

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

alvinum

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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