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Author Question: The shape of marginal cost is determined by A) the shape of average cost. B) the shape of marginal ... (Read 93 times)

asan beg

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on: Jun 30, 2018
The shape of marginal cost is determined by
 A) the shape of average cost.
  B) the shape of marginal product.
  C) the shape of total variable cost.
  D) all of these choices.

Question 2

Alex's production is worth 60, Harry's is worth 40, Rob's is worth 40, and Julia's is worth 55 . They decide to combine their resources and produce together. For this to be a superadditive game, which of the following conditions must hold?
 a. They should be able to produce more in groups of two than what they can produce together.
  b. Their combined production must exceed the total they can individually produce.
  c. Their resources must be perfect substitutes.
  d. Their resources must be perfect complements.


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sailorcrescent

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

B

Answer to Question 2

B


asan beg

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Reply #2 on: Jun 30, 2018
Thank you


sailorcrescent

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Reply #3 on: Jun 30, 2018
No problemo


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