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Author Question: In perfect competition, the firm's marginal revenue curve A) cuts its demand curve from below, ... (Read 76 times)

nenivikky

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In perfect competition, the firm's marginal revenue curve
 
  A) cuts its demand curve from below, going from left to right.
  B) cuts its demand curve from above, going from left to right.
  C) always lies below its demand curve.
  D) is the same as its demand curve.

Question 2

Economic efficiency necessarily occurs when the firm
 
  A) produces a given output at least cost.
  B) produces a given output by using the least inputs.
  C) earns a normal profit.
  D) earns an economic profit.



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Anton

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Answer to Question 1

D

Answer to Question 2

A




nenivikky

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Reply 2 on: Jun 29, 2018
:D TYSM


mochi09

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Reply 3 on: Yesterday
Gracias!

 

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