Title | BUSN 202 Quiz 7a - Isaac Lay |
---|---|
Author | Anonymous User |
Course | Principles Of Microeconomics |
Institution | Biola University |
Pages | 1 |
File Size | 48.1 KB |
File Type | |
Total Downloads | 57 |
Total Views | 152 |
The best exam ever...
BUSN 2 0 2 0 4MI CROECONOMI CSQUI Z# 7
Na meI s a a cLa y
Da t e :Oc t obe r2 62 0 2 0
Ans we rf ol l owi ngTr ue / F al s e( 2poi nt se ac h) : 1 .__ T_ _ T/F Onet ypeofpe r f e c t l yc ompe t i t i vema r ke ti sf a r mi ng/a gr i c ul t ur e . 2 .__ T_ _ T/F Pr i c edi s c r i mi na t i oni spos s i bl ewi t haMonopol y . 3 ._ _F_ _ T/ FTh e r ei sal a c kofma r k e tp o we ri nMo nop ol y . 4 ._ _T__T/ FPe r f e c tc o mp e t i t i v efir msa r epr i c et a k e r s ? 5 .__ T_ _ T/F Foramonopol y , br a ndl oy al t yi saba r r i e rt oe nt r y?
Ans we rt hef ol l owi ngPr obl e m( 1 0poi nt s ) :
TC=2 0+4 Q
Q
FC
VC
Total Cost
AFC
AV AVC C
ATC
Marginal Cost
0
0
0
20
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1
20
24
24
24
2
20
56
28
14
3
20
96
32
10.67
4
20
144
36
9...