30 Apr Question: B https//eagleonlinehccs.edu/courses/76548/quizzes/358514/take/questions/1005753 Test Part 3 Star…
Kb the diminishing marginal pbquestion 121 ptsuse the fol tps://eagleonline.hccs.edu/courses/76548/quizzes/358514/take/questions/10081484 est Part 3 arted: Jan 6 at 8:07pm uiz Instructions D | Question 12 1 pt Use the following scenario to answer the following questions: Carmela’s Churros is a perfectly competitive firm that sells desserts in Houston, Texas. Carmela’s Churros currently is taking in $40,000 in revenues, and has $15,000 in explicit costs and $25,000 in implicit costs. Holding all else constant, the price of churros in this market will O increase in the long run. O increase in the short run. O decrease in the short run. O stay where it is O decrease in the long run. Next . Previous
Question 21 If cable companies were in a highly competitive market, we would expect O cable companies to make profits in the long run. O a company to be willing to sell specific channels as well as packaged options. O cable companies to force us to choose between buying a little more cable than we really need or going without cable altogether. O customers to be unhappy about their cable package options. O deadweight loss in the market. Previous Nex F10
Question 22 1 pts The equation of a firm’s marginal revenue curve is estimated to be price 50-Q (quantity), and the equation of its marginal cost curve is estimated to be price 10+3Q. The profit-maximizing quantity for this firm is O 5 O 40. O 10. O 15. O 50. Next Previous
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