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Ellen
Ellen, Doctoral Degree
Category: Multiple Problems
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The key to the importance of the marginal cost curve of a company

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The key to the importance of the marginal cost curve of a company is that it is a company's:

supply curve of product to the marketplace.

demand curve for its product to the marketplace.

average cost of product in both the short and long run.

fixed cost.

If Tiger Toys faces a demand curve of P = 85 - .25Q and a MC = ATC = 20, then the markup would be:

$52.50.

$20.00.

$32.50.

$65.00.
A necessary condition for market power to exist for a particular company in a market is that:

information must be understood by both buyers and sellers.

effective barriers to entry must exist.

the number of firms is over 150.

consumers perceive all products as homogeneous.
Welcome to JustAnswer,

Thank you so much for directing your new question to me.

Here is my answer for comparison with your own:

The key to the importance of the marginal cost curve of a company is that it is a company's:
supply curve of product to the marketplace.

If Tiger Toys faces a demand curve of P = 85 - .25Q and a MC = ATC = 20, then the markup would be:
$52.50.

A necessary condition for market power to exist for a particular company in a market is that:
effective barriers to entry must exist.

If you have any further questions, I am happy to assist you. You can start your new question with "for WebLaw" and send it to the appropriate legal, tax or homework category so that the question is directed to me and I can give your question my immediate attention

Thank you very much,
WebLaw
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