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Author Question: In the short run, suppose average total cost is a straight line and marginal cost is positive and ... (Read 43 times)

Caiter2013

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on: Jul 1, 2018
In the short run, suppose average total cost is a straight line and marginal cost is positive and constant. Then, we know that fixed costs must:
 
  A) be declining with output.
  B) be positive.
  C) equal zero.
  D) We do not have enough information to answer this question.

Question 2

Refer to Figure 9.2. At price 0H and quantity Q1, the deadweight loss is
 
  A) DGC.
  B) BDC.
  C) BGC.
  D) 0FGQ1.
  E) none of the above


tkempin

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

C

Answer to Question 2

C


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