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Author Question: If average product is decreasing, then marginal product must be negative. Indicate whether the ... (Read 92 times)

sdfghj

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on: Jun 29, 2018
If average product is decreasing, then marginal product must be negative.
 
  Indicate whether the statement is true or false

Question 2

A perfectly competitive firm earns a profit when price is
 
  A) equal to minimum average variable cost. B) above minimum average total cost.
  C) equal to minimum average total cost. D) equal to minimum average fixed cost.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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Alyson.hiatt@yahoo.com

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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

B


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sdfghj

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Reply #2 on: Jun 29, 2018
Correct answers!


Alyson.hiatt@yahoo.com

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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