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Author Question: In the short run, finding the optimal amount of variable input involves which relationship? A) MP ... (Read 57 times)

mckennatimberlake

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on: Jul 1, 2018
In the short run, finding the optimal amount of variable input involves which relationship?
 
  A) MP = MC
  B) AP = MP
  C) MP = 0
  D) MRP = MFC

Question 2

According to the Coase approach, to achieve socially optimal outcome, two sides must bargain. The bargaining might not be successful because
 
  A) transaction costs are ignorable.
  B) firms engage in strategic bargaining.
  C) both sides have perfect information.
  D) None of the above.


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s.meritte

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

D

Answer to Question 2

B


mckennatimberlake

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

gcook

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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