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

Author Question: ________ is maximized in a competitive market when marginal benefit equals marginal cost. A) ... (Read 147 times)

lak

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
________ is maximized in a competitive market when marginal benefit equals marginal cost.
 
  A) Selling price B) Deadweight loss C) Marginal profit D) Economic surplus

Question 2

What is meant by expected value? How is it calculated?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shaquita

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

An expected value is the average value of an event. Expected value is equal to the sum of all possible outcomes or values, each weighted by its probability of occurring.


lak

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
Gracias!

pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Excellent

« previous next »
 

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.

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?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Many types of edible fungi are grown for the market. Many types of edible fungi are grown for the market.
Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Infant formula is available in several forms and varies in cost and ingredients Infant formula is available in several forms and varies in cost and ingredients
If the frequency equals 60 Hz in Figure 10-1, what is the value of capacitance? If the frequency equals 60 Hz in Figure 10-1, what is the value of capacitance?
Competitive firms and maximization Competitive firms and maximization
Video: Origin of organelles Animation

For a complete list of videos, visit our video library