This topic contains a solution. Click here to go to the answer

Author Question: When the firm produces the quantity that sets marginal revenue equal to marginal cost, a perfectly ... (Read 117 times)

corkyiscool3328

  • Hero Member
  • *****
  • Posts: 539
When the firm produces the quantity that sets marginal revenue equal to marginal cost, a perfectly competitive firm is
 
  A) determining the price it will set.
  B) maximizing its revenues.
  C) maximizing its profit.
  D) establishing its shutdown point.

Question 2

In a supply and demand figure, the equilibrium price and quantity are found at the
 
  A) point where quantity supplied equals quantity demanded.
  B) horizontal intercept of the demand curve.
  C) vertical intercept of the supply curve.
  D) horizontal intercept of the supply and the demand curves.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

at

  • Sr. Member
  • ****
  • Posts: 359
Answer to Question 1

C

Answer to Question 2

A




corkyiscool3328

  • Member
  • Posts: 539
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


6ana001

  • Member
  • Posts: 311
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

For a complete list of videos, visit our video library