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

Author Question: Marginal profit is negative when: A) marginal revenue is negative. B) total cost exceeds total ... (Read 176 times)

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
on: Jul 1, 2018
Marginal profit is negative when:
 
  A) marginal revenue is negative.
  B) total cost exceeds total revenue.
  C) output exceeds the profit-maximizing level.
  D) profit is negative.

Question 2

The government provides public education because
 
  A) public education is a public good.
  B) public education is non-rival and nonexclusive.
  C) private education is rival and exclusive.
  D) public education combats the negative externalities of private education.
  E) public education provides positive externalities.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

milbourne11

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

E


mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
Reply #2 on: Jul 1, 2018
Thank you


milbourne11

  • Sr. Member
  • ****
  • Posts: 322
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Water potentials decrease (become more negative) as one moves from soil to plant to atmosphere Water potentials decrease (become more negative) as one moves from soil to plant to atmosphere
During a total solar eclipse, the solar corona can be seen with the naked eye, during the brief peri During a total solar eclipse, the solar corona can be seen with the naked eye, during the brief peri
Negative Effects of Chronic Stress Negative Effects of Chronic Stress
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
Negative Feedback and Temperature Control Negative Feedback and Temperature Control
Video: Mendel's Principles of Dominance, Segregation and Independent Assortment

For a complete list of videos, visit our video library