Author Question: In the above table, if the quantity sold by the firm rises from 6 to 7, its marginal revenue is ... (Read 60 times)

nevelica · **on:** Jun 29, 2018

In the above table, if the quantity sold by the firm rises from 6 to 7, its marginal revenue is

A) 15.
B) 30.
C) 90.
D) 105.

Question 2

At the current level of output, the marginal social cost of tennis balls is greater than the marginal social benefit. Then

A) more than the efficient quantity of tennis balls is being produced.
B) there is excess demand for tennis balls.
C) firms producing tennis balls must be earning negative profit.
D) too few tennis balls are being produced.