This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In order to maximize profits, a firm should produce the level of output at which total revenue is ... (Read 206 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jun 30, 2018
In order to maximize profits, a firm should produce the level of output at which total revenue is maximized.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In the market for crude oil, everything held constant, if rate of interest of simple bank accounts or interest-bearing investments decline, then:
 a. the consumption of crude oil declines in the present period.
  b. the extraction of crude oil will increase today.
  c. the price of the crude oil in the international market falls in the present period.
  d. greater research and developments are conducted to locate new sites of crude oil in the present period.
  e. the extraction of crude oil will fall in the present period.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dunkey

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

e


genevieve1028

  • Member
  • Posts: 601
Reply 2 on: Jun 30, 2018
Gracias!

ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Nurses may collaborate with social workers, physicians, and other members of the health care team to Nurses may collaborate with social workers, physicians, and other members of the health care team to
How to use implicit differentiation with higher order derivatives How to use implicit differentiation with higher order derivatives
Rapid sea level rise Rapid sea level rise
Role of Productivity in Determining Output per Worker, 2009 Role of Productivity in Determining Output per Worker, 2009
A Drug’s Plateau Level A Drug’s Plateau Level
opener E. coli have been genetically engineered to produce lycopene opener E. coli have been genetically engineered to produce lycopene
Video: Atrophy

For a complete list of videos, visit our video library