Author Question: In the above figure, when the firm produces output corresponding to point c, the firm's marginal ... (Read 77 times)

pane00

  • Hero Member
  • *****
  • Posts: 579
In the above figure, when the firm produces output corresponding to point c, the firm's marginal cost
 
  A) is less than its marginal revenue.
  B) equals its marginal revenue.
  C) exceeds its marginal revenue.
  D) equals its average revenue.

Question 2

The variable measured on the y-axis increases whenever the variable measured on the x-axis increases. As a result, the relationship between the variables will
 
  A) be negatively sloped.
  B) have a slope of zero.
  C) be a vertical line.
  D) be none of the above.



Toya9913

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Cyanide works by making the human body unable to use oxygen.

For a complete list of videos, visit our video library