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Author Question: If a product has zero external costs, then marginal social cost equal marginal private cost. ... (Read 104 times)

urbanoutfitters

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If a product has zero external costs, then marginal social cost equal marginal private cost.
 
  Indicate whether the statement is true or false

Question 2

What is the formula for calculating average fixed cost? If a firm has fixed costs of 8,500 per month and produces 1,900 units of output per month, what is its average fixed cost?
 
  What will be an ideal response?


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flannelavenger

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urbanoutfitters

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


amynguyen1221

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

 

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