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Author Question: Which of the following firms is most likely to have a constant marginal cost? A) A firm that is a ... (Read 75 times)

abc

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on: Jun 29, 2018
Which of the following firms is most likely to have a constant marginal cost?
 
  A) A firm that is a price taker
  B) A firm that has extremely high fixed costs
  C) A firm that has extremely high variable costs
  D) A firm that faces a horizontal demand curve

Question 2

Which of the following is not an important difference between privately-owned enterprises and government institutions?
 
  A) Decision makers confront different sets of incentives.
  B) Different kinds of information are available to decision makers.
  C) Government has the generally acknowledged right to use coercion.
  D) Self-seeking motives are less characteristic of government employees.


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yuyiding

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

B

Answer to Question 2

D


abc

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


yuyiding

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


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