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 115 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
:D TYSM


vickyvicksss

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

For a complete list of videos, visit our video library