Author Question: In the short run, finding the optimal amount of variable input involves which relationship? A) MP ... (Read 69 times)

mckennatimberlake · **on:** Jul 1, 2018

In the short run, finding the optimal amount of variable input involves which relationship?

A) MP = MC
B) AP = MP
C) MP = 0
D) MRP = MFC

Question 2

According to the Coase approach, to achieve socially optimal outcome, two sides must bargain. The bargaining might not be successful because

A) transaction costs are ignorable.
B) firms engage in strategic bargaining.
C) both sides have perfect information.
D) None of the above.