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

Author Question: In order to maximize profits A) the derivative of total revenue with respect to quantity must be ... (Read 95 times)

newbem

  • Hero Member
  • *****
  • Posts: 579
In order to maximize profits
 A) the derivative of total revenue with respect to quantity must be less than the derivative of total cost with respect to quantity.
  B) the derivative of total revenue with respect to quantity must be greater than the derivative of total cost with respect to quantity.
  C) the derivative of total revenue with respect to quantity must equal the derivative of total cost with respect to quantity.
  D) none of these choices.

Question 2

The kinked demand curve is based on the idea that
 A) you will follow my price increase but not my price cut.
  B) you will follow my price cut but not my price increase.
  C) you will follow all price changes I might initiate.
  D) you will not follow my behavior at all.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

SVictor

  • Sr. Member
  • ****
  • Posts: 365
Answer to Question 1

C

Answer to Question 2

B




newbem

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Excellent


tanna.moeller

  • Member
  • Posts: 328
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

For a complete list of videos, visit our video library