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Author Question: Which of the following products benefits from network externalities? A) microwave ovens B) ... (Read 128 times)

Metfan725

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on: Jul 1, 2018
Which of the following products benefits from network externalities?
 
  A) microwave ovens
  B) diamond rings
  C) Twitter
  D) concert tickets

Question 2

When a firm produces one unit, the variable cost is 3. When the firm produces two units, the variable cost is 6. What is the marginal cost associated with two units of production?
 
  A) 2
  B) 0.5
  C) 6
  D) 3


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ririgirl15

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

C

Answer to Question 2

D


Metfan725

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  • Posts: 552
Reply 2 on: Jul 1, 2018
Wow, this really help

sarah_brady415

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

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