In the Baumol model, a change in fixed costs will A) increase ...

[abarnes]

In the Baumol model, a change in fixed costs will
 
  A) increase total quantity sold.
  B) have no effect on total quantity sold.
  C) decrease total quantity sold.
  D) have an effect on total quantity sold.

Question 2

In the presence of no externalities
 
  A) social marginal cost exceeds private marginal cost.
  B) social marginal cost is less than private marginal cost.
  C) social marginal cost equals private marginal cost.
  D) social marginal cost and private marginal cost cannot be compared.

[pocatato]

Answer to Question 1

D

Answer to Question 2

C

[abarnes]

Thanks for the timely response, appreciate it

[scottmt]

Great answer, keep it coming