Which of the following is the most common source of technology?

Refer to Table 1-3. What is Ivan's marginal cost if he decides to stay open for six hours instead of five hours?

A) $10 B) $20 C) $25 D) $91.67

Before entering, fixed cost associated with the industry in question are sunk costs for

A) the incumbent firm. B) the outside firm. C) both firms. D) neither firm.