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miks miks
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5 years ago

Question 1.

Assuming there are no externalities, if a firm produces an output level where the benefits to consumers ________ the cost to suppliers to produce it, then price is ________ marginal cost.



▸ are less than; greater than

▸ exceed; greater than

▸ exceed; less than

▸ equal; less than

Question 2.

Assuming there are no externalities, if a firm produces an output level where the benefits to consumers ________ the cost to suppliers to produce it, then price is ________ marginal cost.



▸ are less than; greater than

▸ exceed; less than

▸ are less than; less than

▸ equal; greater than
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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tlastertlaster
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5 years ago
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miks Author
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#2
5 years ago
This helped my grade so much
wrote...
#3
5 years ago
Perfect
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