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Author Question: Which of the following is FALSE? a. Increase production if MR>MC b. Produce where MR=MC c. ... (Read 49 times)

lindiwe

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on: Jul 1, 2018
Which of the following is FALSE?
 a. Increase production if MR>MC
 b. Produce where MR=MC
 c. Average cost is total cost per unit of production
  d. Produce where MR=AC

Question 2

The consequences of price discrimination are
 a. Consummate more transactions
  b. Extract more consumer surplus
  c. Increase producer surplus
 d. All of the above


Joc

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

d


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lindiwe

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Reply #2 on: Jul 1, 2018
Thank you :)


Joc

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Reply #3 on: Jul 1, 2018
Happy to help you


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