This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Marginal cost is the change in the: A) total cost associated with producing one more unit of ... (Read 49 times)

Ebrown

  • Hero Member
  • *****
  • Posts: 567
on: Jun 29, 2018
Marginal cost is the change in the:
 
  A) total cost associated with producing one more unit of output.
  B) average total cost associated with producing one more unit of output
  C) average variable cost associated with producing one more unit of output.
  D) opportunity cost associated with producing one more unit of output.

Question 2

Which of the following firms is likely to have the highest market power?
 
  A) A perfectly competitive firm
  B) A monopolistic competitor
  C) A monopoly
  D) An oligopoly with homogeneous products


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Eazy416

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Ebrown

  • Member
  • Posts: 567
Reply 2 on: Jun 29, 2018
:D TYSM

meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Unit of blood. Unit of blood.
Unit Pricing Comparison Unit Pricing Comparison
Natural Causes of Climate Change Natural Causes of Climate Change
Ancient Climate Change Ancient Climate Change
Capital-Biased Technological Change Capital-Biased Technological Change
Epigenetic changes to DNA, such as methylation, change patterns of gene expression by activating or Epigenetic changes to DNA, such as methylation, change patterns of gene expression by activating or
Video: The Krebs Cycle Animation

For a complete list of videos, visit our video library