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Author Question: A stair-like market supply curve is the result of A) higher cost firms charging a higher price ... (Read 58 times)

KWilfred

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on: Jul 1, 2018
A stair-like market supply curve is the result of
 
  A) higher cost firms charging a higher price for their products.
  B) firms having different costs.
  C) firms shutting down in the long run.
  D) average variable costs that are higher than average fixed costs.

Question 2

If a community spends more than the amount a categorical grant requires, the effect is _____.
 
  a. the same as a general grant
  b. better than a general grant
  c. worse than a general grant
   d. impossible to determine given the available information


Sophiapenny

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

B

Answer to Question 2

a


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