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Author Question: The table above shows the marginal benefit from pizza and the marginal cost of pizza in cans of soda ... (Read 99 times)

rlane42

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on: Jun 29, 2018
The table above shows the marginal benefit from pizza and the marginal cost of pizza in cans of soda forgone. The allocatively efficient quantity of pizza is ________ pizzas per day.
 
  A) 70
  B) 10
  C) more than 70
  D) 40

Question 2

Which of the following can prevent markets from reaching the efficient level of production? I. a monopoly II. taxes III. the product is a public good
 
  A) I and II
  B) II
  C) II and III
  D) I, II and III


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k.lashomb

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

D

Answer to Question 2

D


rlane42

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

brbarasa

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

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A graphical representation of the marginal value theorem. A graphical representation of the marginal value theorem.
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