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

Author Question: If, as a firm increases its rate of output, total cost increases as well, a. profit cannot be ... (Read 38 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
on: Jun 30, 2018
If, as a firm increases its rate of output, total cost increases as well,
 a. profit cannot be maximized
  b. revenue cannot be maximized
  c. cost cannot be minimized
  d. marginal cost is increasing
  e. marginal cost is positive

Question 2

For a monopolist, marginal revenue is
 a. equal to price
  b. greater than price
  c. less than price
  d. represented by a horizontal curve
  e. equal to average revenue


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

AISCAMPING

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

C


hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
Reply #2 on: Jun 30, 2018
Correct answers!


AISCAMPING

  • Sr. Member
  • ****
  • Posts: 347
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Rebound Tenderness, Apply Firm Pressure to the Abdomen Rebound Tenderness, Apply Firm Pressure to the Abdomen
Rate enhancement by entropy reduction Rate enhancement by entropy reduction
Acceptable ranges of heart rate Acceptable ranges of heart rate
Adding additional amounts of ethyl alcohol (ethanol) increases the frequency reading. Adding additional amounts of ethyl alcohol (ethanol) increases the frequency reading.
How to convert units of any rate to another (Part 3) How to convert units of any rate to another (Part 3)
Canada Total Energy Consumption by Fuel Type Canada Total Energy Consumption by Fuel Type
Video: Hyperglycemia Animation

For a complete list of videos, visit our video library