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Author Question: Marginal cost ________ as the quantity produced is increased. A) first increases and then ... (Read 132 times)

Chloeellawright

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on: Jun 29, 2018
Marginal cost ________ as the quantity produced is increased.
 
  A) first increases and then decreases
  B) first decreases and then increases
  C) always increases
  D) always decreases

Question 2

To help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment. Using the above figure, the area that equals the lost consumer surplus from this tax on sports equipment is
 
  A) bcd.
  B) P1P2cd.
  C) P2P3ec.
  D) ced.


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peter

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

B

Answer to Question 2

B


Chloeellawright

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Reply 2 on: Jun 29, 2018
:D TYSM

irishcancer18

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Reply 3 on: Yesterday
Excellent

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