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Author Question: If the fringe supply curve shifts leftward in the dominant firm model, then the resulting market ... (Read 95 times)

j.rubin

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on: Jul 1, 2018
If the fringe supply curve shifts leftward in the dominant firm model, then the resulting market equilibrium price is ________ and the dominant firm's quantity ________.
 
  A) lower, decreases
  B) lower, increases
  C) higher, decreases
  D) higher, increases

Question 2

Refer to Scenario 7.3. Suppose that your firm decides to double its output to 400. To achieve this level of output the firm will have to:
 
  A) exactly double its inputs.
  B) more than double its inputs.
  C) less than double its inputs.


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kmb352

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


j.rubin

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Reply 2 on: Jul 1, 2018
Gracias!

Liddy

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Reply 3 on: Yesterday
:D TYSM

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