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Author Question: If TC = 321 + 55Q - 5Q2, then average total cost at Q = 10 is: a. 10.2 b. 102 c. 37.1 d. 371 e. ... (Read 50 times)

neverstopbelieb

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on: Jul 1, 2018
If TC = 321 + 55Q - 5Q2, then average total cost at Q = 10 is:
 a. 10.2
  b. 102
  c. 37.1
  d. 371
  e. 321

Question 2

Double markup problems arise when
 a. upstream firms have market power
 b. downstream firms have no market power
 c. upstream and downstream products are unrelated in demand
 d. upstream and downstream firm's pricing decisions tend to increase the demand for the other product


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meltdown117

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

a


neverstopbelieb

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Reply #2 on: Jul 1, 2018
Correct answers!


meltdown117

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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