« previous next »

Author Question: A socially-optimal price regulation will NOT work if: A) marginal cost is less than average total ... (Read 69 times)

Themember4

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
A socially-optimal price regulation will NOT work if:
 
  A) marginal cost is less than average total cost.
  B) marginal cost is less than average fixed cost.
  C) marginal cost is greater than average total cost.
  D) marginal cost is greater than average fixed cost.

Question 2

Suppose a Chinese restaurant routinely provides free fortune cookies to its customers. The economic way of thinking suggests the restaurant is
 
  A) engaging in predatory pricing of its meals.
  B) attempting to increase its total profit.
  C) selling Chinese food below cost.
  D) doing all of the above.
  E) almost certainly doing none of the above.


mrphibs

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

How to find the average value of a function (Part 2) How to find the average value of a function (Part 2)
Insig-mediated regulation of SREBP activation Insig-mediated regulation of SREBP activation
Canada Total Energy Consumption by Fuel Type Canada Total Energy Consumption by Fuel Type
Average Number of Days per Year with Thunderstorms Average Number of Days per Year with Thunderstorms
As a result of a hole in the graph, which of the following functions does not have an average ... As a result of a hole in the graph, which of the following functions does not have an average ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Frequency of stimulation and force (Recruitment of motor units and force)

For a complete list of videos, visit our video library