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Author Question: Whether the firm produces or shuts down in the short run, fixed cost is equal to a. average ... (Read 107 times)

leilurhhh

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on: Jun 30, 2018
Whether the firm produces or shuts down in the short run, fixed cost is equal to
 a. average variable cost
  b. total cost
  c. sunk cost
  d. price
  e. marginal cost

Question 2

Economic analysis of product differentiation leads to all of the following conclusions except one. Which is the exception?
 a. Product differentiation makes it harder for firms to collude.
  b. Product differentiation makes price leadership harder to maintain.
  c. Product differentiation sometimes contributes to wasteful allocation of resources.
  d. Product differentiation must be based on real, substantive differences among products.
  e. There is a tradeoff between using resources efficiently and providing consumers with wide choices.


komodo7

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

C

Answer to Question 2

D


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leilurhhh

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Reply #2 on: Jun 30, 2018
Thank you


komodo7

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Reply #3 on: Jun 30, 2018
No problemo


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