Marginal cost: (Multiple Choice)

Marginal cost
 A) cuts average variable cost and average fixed cost at their lowest point.
  B) cuts average variable cost and average total cost at their lowest point.
  C) rises and then falls.
  D) is the mirror image of marginal product.

QUESTION 2

When the core is empty, the proposals and counter proposals of the individuals can cycle without ever settling into an unblockable allocation.
  Indicate whether the statement is true or false

QUESTION 3

Average variable costs
 A) are parallel with average total costs
  B) rise if marginal costs rise.
  C) are not parallel with average total costs.
  D) fall with increases in production.

QUESTION 4

The total of individual payoffs in the grand coalition must be less than the value the coalition earns.
  Indicate whether the statement is true or false

QUESTION 5

Average fixed costs
 A) are always rising with increases in production
  B) are dependent on marginal costs.
  C) are dependent on average variable costs.
  D) are always falling with increases in production.

QUESTION 6

The value of goods produced by coalition A is worth 50, and by coalition B is worth 30 . If together they produce 100 of them, the game is called superadditive.
  Indicate whether the statement is true or false

QUESTION 7

If marginal costs are rising
 A) total fixed costs are falling
  B) average fixed costs are constant.
  C) average fixed costs are rising
  D) none of these choices.