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

Author Question: If a firm is producing at an output where the total revenue curve crosses the total cost curve, a. ... (Read 107 times)

jc611

  • Hero Member
  • *****
  • Posts: 552
on: Jun 30, 2018
If a firm is producing at an output where the total revenue curve crosses the total cost curve,
 a. revenue is maximized
  b. cost is maximized
  c. cost is minimized
  d. profit is maximized
  e. profit is zero

Question 2

Negative marginal revenue means that
 a. the firm is maximizing its economic profit
  b. the firm is maximizing its total revenue
  c. total revenue is increasing at an increasing rate as output increases
  d. total revenue is increasing at a decreasing rate as output increases
  e. total revenue is decreasing as output increases


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chereeb

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

E


jc611

  • Member
  • Posts: 552
Reply 2 on: Jun 30, 2018
Wow, this really help

Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

The human oxygen-hemoglobin dissociation curve. The human oxygen-hemoglobin dissociation curve.
Scaling the Earth down to the size of a basketball, the Moon is roughly the size of a tennis ball. T Scaling the Earth down to the size of a basketball, the Moon is roughly the size of a tennis ball. T
Rembrandt van Rijn, The Three Crosses. Rembrandt van Rijn, The Three Crosses.
A mini clamp-on digital multimeter can be used to measure alternator output and unwanted AC current ... A mini clamp-on digital multimeter can be used to measure alternator output and unwanted AC current ...
How to create a sine equation when the curve is given How to create a sine equation when the curve is given
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Video: Introduction to Cystic Fibrosis

For a complete list of videos, visit our video library