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Author Question: Which of the following products benefits from network externalities? A) microwave ovens B) ... (Read 110 times)

Metfan725

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on: Jul 1, 2018
Which of the following products benefits from network externalities?
 
  A) microwave ovens
  B) diamond rings
  C) Twitter
  D) concert tickets

Question 2

When a firm produces one unit, the variable cost is 3. When the firm produces two units, the variable cost is 6. What is the marginal cost associated with two units of production?
 
  A) 2
  B) 0.5
  C) 6
  D) 3


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ririgirl15

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

C

Answer to Question 2

D


Metfan725

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

ttt030911

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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