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Author Question: A company could produce 99 units of a good for 316 or produce 100 units of the same good for 320. ... (Read 215 times)

bio_gurl

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on: Jun 29, 2018
A company could produce 99 units of a good for 316 or produce 100 units of the same good for 320. The marginal cost of the 100th unit
 
  A) is 3.20.
  B) is 4.00.
  C) is 320.
  D) cannot be calculated with this information.

Question 2

In a given market, a large number of firms sell a similar product. Consumers think that each firm's product is somewhat different from that of its competitors. This market is
 
  A) perfectly competitive.
  B) monopolistically competitive.
  C) equivalent to a monopoly because consumers think the products are different.
  D) equivalent to an oligopoly because consumers think the products are different.


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katheyjon

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

B

Answer to Question 2

B


bio_gurl

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Reply #2 on: Jun 29, 2018
Correct answers!


katheyjon

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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