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Author Question: Optimal decisions are made A) if information about prices and marginal utilities is known. B) in ... (Read 23 times)

misspop

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on: Jun 29, 2018
Optimal decisions are made
 
  A) if information about prices and marginal utilities is known.
  B) in the marketplace.
  C) at the margin.
  D) when marginal utility is minimized.

Question 2

In a perfectly competitive market the term price taker applies to
 
  A) sellers but not buyers. B) only the smallest sellers and buyers.
  C) buyers but not sellers. D) sellers and buyers.


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beccamahon

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


misspop

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

cassie_ragen

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

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