Archibald's Tattoos is a perfectly competitive firm. The firm's ...

[evelyn o bentley]

Archibald's Tattoos is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price of a tattoo is 17.50, what is the firm's economic profit?
 
  A) zero
  B) 2.50 per hour
  C) 12.50 per hour
  D) -10.00 per hour

Question 2

The figure above illustrates the marginal benefit and marginal cost of different quantities of national defense. What is the political equilibrium if voters are well informed?
 
  A) 0 units
  B) between 0 and 3 units
  C) 3 units
  D) 5 units

[brittiany.barnes]

Answer to Question 1

B

Answer to Question 2

C

[evelyn o bentley]

Great answer, keep it coming

[carojassy25]

Thanks for the timely response, appreciate it