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Author Question: The hidden-cost fallacy occurs when a. A firm considers irrelevant costs b. A firm ignores relevant ... (Read 70 times)

silviawilliams41

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on: Jul 1, 2018
The hidden-cost fallacy occurs when
 a. A firm considers irrelevant costs
 b. A firm ignores relevant costs
 c. A firm considers overhead or depreciation costs to make short-run decisions
 d. Both a and c

Question 2

The pricing rule MR=MC holds for
 a. All firms
 b. Single product firms
 c. Multiple product firms
 d. None of the above


akpaschal

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

b

Answer to Question 2

b


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