A profit-maximizing monopolistically competitive firm will expand ...

[robinn137]

A profit-maximizing monopolistically competitive firm will expand output to the point where:
 a. total revenue equals total cost.
  b. marginal revenue equals marginal cost.
  c. price equals average total cost.
  d. price equals marginal cost.

Question 2

The slope of an indifference curve is equal to the ratio of the ____ of the good on the horizontal axis to the ____ of the good on the vertical axis.
 a. marginal utility (MU); marginal utility (MU)
  b. total utility (TU); total utility (TU)
  c. marginal product (MP); marginal product (MP)
  d. price (P); total utility (TU)

[dellikani2015]

Answer to Question 1

b

Answer to Question 2

a