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

Author Question: The value of the marginal product is equal to the marginal revenue product under perfect competition ... (Read 54 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
on: Jun 30, 2018
The value of the marginal product is equal to the marginal revenue product under perfect competition in the product market because:
 a. price is equal to average revenue.
  b. price is equal to average cost.
  c. marginal revenue is equal to marginal cost.
  d. price is equal to marginal revenue.
  e. average revenue is equal to average cost.

Question 2

People are compelled to make a choice because of the lack of time and money to buy everything they want.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jsherida

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


Shelles

  • Member
  • Posts: 582
Reply 2 on: Jun 30, 2018
Gracias!

abro1885

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Demonstration of equal segregation within one meiocyte in the yeast S. cerevisiae Demonstration of equal segregation within one meiocyte in the yeast S. cerevisiae
Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ... Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ...
European swimming competition European swimming competition
Find the derivative using the product rule Find the derivative using the product rule
Find derivative using product rule Find derivative using product rule
Excel hardware is introducing a new product on a new product line of capacity 800 units per ... Excel hardware is introducing a new product on a new product line of capacity 800 units per ...
Video: Burn Animation

For a complete list of videos, visit our video library