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

Author Question: In the short run, the profit maximizing (or minimizing) quantity of output for any firm to produce ... (Read 130 times)

james9437

  • Hero Member
  • *****
  • Posts: 568
on: Jun 30, 2018
In the short run, the profit maximizing (or minimizing) quantity of output for any firm to produce exists at that output level at which marginal revenue equals marginal cost.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Total utility is measured by a mythical unit called the:
 a. bliss unit.
  b. useful unit.
  c. pleasure unit.
  d. util.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

s.meritte

  • Sr. Member
  • ****
  • Posts: 306
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

d


james9437

  • Member
  • Posts: 568
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

tanna.moeller

  • Member
  • Posts: 328
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Testing Infant’s Understanding of Quantity Testing Infant’s Understanding of Quantity
The primary response causes B cells to produce memory B cells and a few antibodies. The second ... The primary response causes B cells to produce memory B cells and a few antibodies. The second ...
Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ... Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ...
Farmers’ markets provide fresh, local produce to consumers Farmers’ markets provide fresh, local produce to consumers
Bt corn has been genetically engineered to produce a protein Bt corn has been genetically engineered to produce a protein
Nitrogen dioxide decomposes at 300°C via a second-order process to produce nitrogen monoxide ... Nitrogen dioxide decomposes at 300°C via a second-order process to produce nitrogen monoxide ...
Video: Primary and secondary response to infection

For a complete list of videos, visit our video library