Author Question: Production should be expanded if marginal cost is greater than marginal revenue. Indicate whether ... (Read 58 times)

TFauchery · **on:** Jun 30, 2018

Production should be expanded if marginal cost is greater than marginal revenue.
Indicate whether the statement is true or false

Question 2

Given that the value of individual production of Carol and Tessie is zero, while their combined production is positive, we may conclude that:
a. any subset of the grand coalition can credibly threaten to block the coalition.
b. the coalition is not individually rational.
c. the core is empty.
d. any allocation of payoffs from the coalition will lie within the core.