Questions by Maksym Rudenko

Questions by Maksym Rudenko

1. In a pure competition market, producers should produce and sell where P=MC. Why? Why couldn’t they price their product above MC or wherever they want? Explain your reasons.

asked Sep 7, 2017

1 answer

5 votes

172k views

A fish tank contains 18 goldfish and 22 guppies. If you randomly select 2 fish, what is the probability that they are both goldfish?

asked Oct 23, 2016

1 answer

0 votes

222k views

Convert 950 US dollars to British pound sterling. Use 1 US dollar = 0.62 British pound sterling

asked May 6, 2016

2 answers

3 votes

43.5k views

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