A ________ model of the household assumes that a family maximizes ...

[Sufayan.ah]

A ________ model of the household assumes that a family maximizes its happiness under a budget constraint that pools all of its income, wealth, and time.
 
  A) unitary
  B) secondary
  C) tertiary
  D) primary

Question 2

Suppose a monopolistic competitor produces 2,000 units of the good in equilibrium and charges a price of 10 for each unit. If the average total cost of producing 2,000 units of the good is 6, what is the total profit earned by the producer?
 
  A) 8,000
  B) 4,000
  C) 2,000
  D) 20,000

[tandmlomax84]

Answer to Question 1

A

Answer to Question 2

A

[Sufayan.ah]

Thank you

[tandmlomax84]

No problemo