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Author Question: The MR=MC rule A) applies to price-makers only. B) does not vary by market structure. C) is only ... (Read 49 times)

cherise1989

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on: Jun 30, 2018
The MR=MC rule
 A) applies to price-makers only.
  B) does not vary by market structure.
  C) is only true in competitive markets.
  D) applies to price-makers that have MR=P.

Question 2

A, B, and C have the following preferences for fruits: A: apples > bananas > peaches B: bananas > apples > peaches C: apples > peaches > bananas Find the median voter's preference, if any, using a two-phase election.
 a. Preferences are intransitive.
  b. Apples
  c. Bananas
  d. Peaches


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Li Jun

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


cherise1989

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

parker125

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Reply 3 on: Yesterday
Excellent

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