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    Exam 5: Economic Efficiency, Government Price Setting and Taxes
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    Table 5.3 -Refer to Table 5.3.The Table Above Lists the Marginal Cost
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Table 5.3 -Refer to Table 5.3.The Table Above Lists the Marginal Cost

Question 1

Question 1

Multiple Choice

Table 5.3 Table 5.3   -Refer to Table 5.3.The table above lists the marginal cost of cowboy hats by The Waco Kid, a firm that specialises in producing fancy dress costumes.If the market price of cowboy hats is $50, how many hats will be produced? A) 0 B) 1 C) 2 D) 4
-Refer to Table 5.3.The table above lists the marginal cost of cowboy hats by The Waco Kid, a firm that specialises in producing fancy dress costumes.If the market price of cowboy hats is $50, how many hats will be produced?


A) 0
B) 1
C) 2
D) 4

Correct Answer:

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