【单选题】If firm1 has reduced costs by developing technologies, firm1 has increased costs for other reasons, and eventually the marginal costs of both companies is $4. Both companies have the same cost mix (la...
【单选题】The price of shrimp is $10.00 per pound and the price of lobster is $15.00 per pound. The marginal utility to Mike of pound of shrimp consumed is 60 utils. If Mike maximizes his satisfaction by consum...
【单选题】Consider the following statements when answering this question I. If a firm employs only one variable factor of production, labor, and the marginal product of labor is constant, then the marginal cos...