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Author Question: In the long run, marginal cost must equal marginal revenue for a monopolistic competitive firm, but ... (Read 83 times)

Brittanyd9008

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on: Jun 30, 2018
In the long run, marginal cost must equal marginal revenue for a monopolistic competitive firm, but not at the minimum point of the long-run average cost curve.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If fixed cost is 200,000 and variable cost is 30 per unit over the relevant range of output, when 10,000 units are produced, the average total cost will be:
 a. 20.
  b. 30.
  c. 50.
  d. 70.


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tennis14576

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

c


Brittanyd9008

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Reply 2 on: Jun 30, 2018
:D TYSM

tandmlomax84

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Reply 3 on: Yesterday
Excellent

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