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 62 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
Gracias!

chjcharjto14

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

El Niño and areas of high marine primary production around the Galapagos Islands. Noti El Niño and areas of high marine primary production around the Galapagos Islands. Noti
Modern Predication of Peak in Global Oil Production Modern Predication of Peak in Global Oil Production
Greenhouse gases increase in the stratosphere Greenhouse gases increase in the stratosphere
Electricity production accounts for 25% of greenhouse gas emissions Electricity production accounts for 25% of greenhouse gas emissions
Management Information Systems: Managing the Digital Firm, 15th Edition Management Information Systems: Managing the Digital Firm, 15th Edition
Nonshivering heat production Nonshivering heat production
Video: Status Epilepticus

For a complete list of videos, visit our video library