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Author Question: If the fringe supply curve shifts leftward in the dominant firm model, then the resulting market ... (Read 94 times)

j.rubin

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If the fringe supply curve shifts leftward in the dominant firm model, then the resulting market equilibrium price is ________ and the dominant firm's quantity ________.
 
  A) lower, decreases
  B) lower, increases
  C) higher, decreases
  D) higher, increases

Question 2

Refer to Scenario 7.3. Suppose that your firm decides to double its output to 400. To achieve this level of output the firm will have to:
 
  A) exactly double its inputs.
  B) more than double its inputs.
  C) less than double its inputs.



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kmb352

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Answer to Question 1

D

Answer to Question 2

A




j.rubin

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Reply 2 on: Jul 1, 2018
:D TYSM


nothere

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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