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Author Question: Marginal cost refers to the increase in cost attributable to hiring one more unit of labor, capital, ... (Read 172 times)

cherise1989

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on: Jun 29, 2018
Marginal cost refers to the increase in cost attributable to hiring one more unit of labor, capital, or some other input.
 
  Indicate whether the statement is true or false

Question 2

Consider the market for cable television, a natural monopoly, shown in the figure above. If the regulator imposes an average cost pricing rule, deadweight loss is equal to
 
  A) 5 million.
  B) 0 million.
  C) more than 10 million and less than 20 million..
  D) 20 million or more.


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chevyboi1976

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

FALSE

Answer to Question 2

A


cherise1989

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Reply #2 on: Jun 29, 2018
Thank you :)


chevyboi1976

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Reply #3 on: Jun 29, 2018
Happy to help you


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