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Author Question: A firm will expand the amount of output it produces as long as its A) average total revenue ... (Read 85 times)

tsand2

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on: Jun 29, 2018
A firm will expand the amount of output it produces as long as its
 
  A) average total revenue exceeds its average total cost.
  B) average total revenue exceeds its average variable cost.
  C) marginal cost exceeds its marginal revenue.
  D) marginal revenue exceeds its marginal cost.

Question 2

The price of a good will fall if
 
  A) there is a surplus at the current price.
  B) the current price is less than the equilibrium price.
  C) the quantity demanded exceeds the quantity supplied.
  D) the price of a complement in consumption falls.


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beccamahon

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


tsand2

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bblaney

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Reply 3 on: Yesterday
Excellent

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