Which of the following is FALSE? a. Increase production if MR>MC b. Produce where MR=MC c. ...

Author Question: Which of the following is FALSE? a. Increase production if MR>MC b. Produce where MR=MC c. ... (Read 56 times)

lindiwe

Hero Member
Posts: 577

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

Sr. Member
Posts: 317

Reply #1 on: Jul 1, 2018

Answer to Question 1

d

Answer to Question 2

d

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lindiwe

Hero Member
Posts: 577

Reply #2 on: Jul 1, 2018

Thank you

Joc

Sr. Member
Posts: 317

Reply #3 on: Jul 1, 2018

Happy to help you

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