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Author Question: If products similar to the intermediate good can be bought externally, an approximation of the ... (Read 31 times)

cherise1989

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on: Jul 1, 2018
If products similar to the intermediate good can be bought externally, an approximation of the correct transfer price is
 a. average costs
 b. average fixed costs
 c. average variable costs
  d. the market price

Question 2

Suppose there are 11 buyers and 11 sellers, each willing to buy or sell one unit of a good, with values 14, 13, 12, 11, 10, 9, 8, 7, 6, 5, 4,. Assume no transaction costs and a competitive market, what is the equilibrium price in this market?
 a. 7
  b. 8
  c. 9
  d. 10


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carojassy25

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

d

Answer to Question 2

c


cherise1989

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

cassie_ragen

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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