A firm's marginal resource cost curve is
a. horizontal only if the firm is a price taker in the product market
b. horizontal only if the firm is a price taker in the resource market
c. vertical only if the firm is a price taker in the product market
d. vertical only if the firm is a price taker in the resource market
e. horizontal only if the firm is a price taker in both the product and resource markets
Question 2
If consuming a good creates a positive externality,
a. marginal private benefits exceed marginal social benefits
b. marginal social benefits exceed marginal private benefits
c. private demand is equal to marginal social benefit
d. private demand is greater than marginal social benefit
e. the private demand curve shifts to the right to coincide with the marginal social benefit curve
A sigmoid (cooperative) binding curve
Management Information Systems: Managing the Digital Firm, 15th Edition
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Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Saturation curve for hemoglobin of humans, llamas, and other mammals.