Suppose the total cost of producing T-shirts can be represented as TC = 50 + 2q. The marginal cost of the 5th T-shirt is
A) 2.
B) 10.
C) 12.
D) 60.
A
Economics
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When a seller of one good requires a buyer to purchase other goods as part of the deal it is called
a. exclusive dealing b. a tying contract c. an interlocking directorate d. price discrimination
Economics
According to the following graph, at point B, The consumer's income is $1,200.
A. the consumer will receive more Y for each unit of X exchanged in the market than at point A. B. the rate at which the consumer is willing to substitute X for Y is greater than it is at point A. C. the consumer is willing to give up more Y in order to gain an extra unit of X than at point A. D. both a and b E. all of the above
Economics