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 80 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
YES! Correct, THANKS for helping me on my review

miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

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?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

A Total Eclipse of the Sun A Total Eclipse of the Sun
Aquamatic pad and heating unit provide dry heat treatment to a patient’s arm. Aquamatic pad and heating unit provide dry heat treatment to a patient’s arm.
Religion can promote social change, as was evident in the U.S. civil rights movement. Dr. Martin ... Religion can promote social change, as was evident in the U.S. civil rights movement. Dr. Martin ...
Change in air temperature at various air flow rates for a 4 pass operation Change in air temperature at various air flow rates for a 4 pass operation
Insulin Syringes: 100 Unit (A), 50 Unit (B), and 30 Unit (C) Insulin Syringes: 100 Unit (A), 50 Unit (B), and 30 Unit (C)
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
Video: Lactation and Breast Feeding

For a complete list of videos, visit our video library