If a price through price regulation is set under the equilibrium price in a market, which of the following are true? Group of answer choices The additional cost of the last unit produced will be equal to the utility of this device no matter what the price is. The utility of the last unit sold exceeds the cost contribution of this unit. The additional cost of the last unit produced exceeds the utility of this device. It is impossible to know the costs and benefits on the basis of the information provided. None of the other alternatives are correct.

If a price through price regulation is set under the equilibrium price in a market, which of the following are true? Group of answer choices The additional cost of the last unit produced will be equal to the utility of this device no matter what the price is. The utility of the last unit sold exceeds the cost contribution of this unit. The additional cost of the last unit produced exceeds the utility of this device. It is impossible to know the costs and benefits on the basis of the information provided. None of the other alternatives are correct.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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