Author Question: In the figure above, at the allocatively efficient level of computer production the marginal cost of ... (Read 57 times)

ec501234

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In the figure above, at the allocatively efficient level of computer production the marginal cost of producing a computer is
 
  A) 0 televisions per computer.
  B) between 0 and 3 televisions per computer.
  C) 3 televisions per computer.
  D) more than 3 televisions per computer.

Question 2

When a reward might not occur, economists incorporate the uncertainty by multiplying the reward by a:
 
  A) positive factor more than 1.
  B) positive factor less than 1.
  C) negative factor more than -1.
  D) negative factor less than -1.



dominiqueenicolee

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Answer to Question 1

C

Answer to Question 2

B



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