Sellers must cover _____ costs, but a market does not require them to cover _____ costs.
A) variable; fixed
B) average; fixed
C) marginal private; marginal external
D) marginal total; marginal private
Correct Answer:
Verified
Q27: All marginal costs, no matter who pays
Q28: Marginal private cost plus marginal external cost
Q29: Marginal social cost equals marginal _ cost
Q30: The marginal social cost is:
A)the extra cost
Q31: Mario is willing to sell an extra
Q33: Costs that arise from a market transaction
Q34: Margarite opened a successful restaurant two years
Q35: (Figure: MSC and MPC Curves) Use the
Q36: (Figure: MSC and Supply Curves) Use the
Q37: The supply curve of a firm is
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