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Author Question: In the above figure, if the price is 16, a profit-maximizing perfectly competitive firm will A) ... (Read 38 times)

stephzh

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on: Jun 29, 2018
In the above figure, if the price is 16, a profit-maximizing perfectly competitive firm will
 
  A) produce 50 units.
  B) produce 35 units.
  C) produce 10 units.
  D) choose not to produce.

Question 2

The figure above shows the market for umbrellas in Sunville. What is the marginal social benefit that Sunville consumers receive from the 200th umbrella bought?
 
  A) 23.33
  B) 30.00
  C) 26.67
  D) 50.00


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bfulkerson77

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

B

Answer to Question 2

D


stephzh

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

phuda

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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