This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: At outputs less than the minimum of average variable cost: a. marginal cost is greater than average ... (Read 118 times)

geoffrey

  • Hero Member
  • *****
  • Posts: 880
on: Jun 30, 2018
At outputs less than the minimum of average variable cost:
 a. marginal cost is greater than average variable cost.
  b. marginal cost is less than average variable cost.
  c. marginal cost is equal to average variable cost.
  d. marginal cost is parallel to average variable cost.

Question 2

At the twenty-fifth anniversary of the Woodstock Festival in 1994, there were many vendors who sold tie-dyed t-shirts. No matter where one went, each vendor was selling these t-shirts for 15 a piece. Which market structure model would best characterize such a situation?
 a. Perfect competition
  b. Monopolistic competition
  c. Monopoly
  d. Oligopoly
  e. Monopsony


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

irishcancer18

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

a


geoffrey

  • Hero Member
  • *****
  • Posts: 880
Reply #2 on: Jun 30, 2018
Correct answers!


irishcancer18

  • Sr. Member
  • ****
  • Posts: 310
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Average winter rainfall and variation in rainfall among sites inhabited by Suromalus ater Average winter rainfall and variation in rainfall among sites inhabited by Suromalus ater
Refraction Through Uniform and Variable Thickness Glasses Refraction Through Uniform and Variable Thickness Glasses
Negative feedback control of a regulated variable. Negative feedback control of a regulated variable.
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Identify the variable representing each described quantity in the equation Identify the variable representing each described quantity in the equation
Average Precipitation Acidities and the Effects of Acid Rain Average Precipitation Acidities and the Effects of Acid Rain
Video: Burn Animation

For a complete list of videos, visit our video library