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

Author Question: If a firm's marginal revenue is below its marginal cost, an increase in production will usually a. ... (Read 74 times)

Bernana

  • Hero Member
  • *****
  • Posts: 530
on: Jul 1, 2018
If a firm's marginal revenue is below its marginal cost, an increase in production will usually
 a. increase profits.
  b. leave profits unchanged.
  c. decrease profits.
  d. increase marginal revenue.

Question 2

If a firm is a price taker, its marginal revenue is
 a. equal to market price.
  b. less than market price.
  c. greater than market price.
  d. a multiple of market price that may be either greater than or less than one.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JYan

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

a


Bernana

  • Member
  • Posts: 530
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Cellular mechanisms that increase protein diversity Cellular mechanisms that increase protein diversity
Oil and Natural Gas Production from More Wells in Smaller Areas Oil and Natural Gas Production from More Wells in Smaller Areas
IPCC Temperature Increase Predictions Relative to 1986-2005 IPCC Temperature Increase Predictions Relative to 1986-2005
Modern machinery has helped farmers increase yields Modern machinery has helped farmers increase yields
Stem Cell Production Stem Cell Production
Structures of Voice Production Structures of Voice Production
Video: Bone processes - resorption and deposition, remodeling and response to stress in adult bones

For a complete list of videos, visit our video library