Based on the above figure, up to which level of output will Ike's ...

[ahriuashd]

Based on the above figure, up to which level of output will Ike's Ice Cream Kitchen have increasing marginal returns?
 
  A) only at 0 gallons
  B) up to 10 gallons
  C) up to 40 gallons
  D) up to 60 gallons

Question 2

The above figure shows the demand and cost curves for a monopolistically competitive firm in the long run. The firm has excess capacity of
 
  A) 4 units.
  B) 8 units.
  C) 16 units.
  D) 10.

[adammoses97]

Answer to Question 1

B

Answer to Question 2

B

[ahriuashd]

Excellent

[rachel]

TYSM