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

Author Question: At a given demand, if the supply of a commodity declines, the equilibrium price level falls. ... (Read 42 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
At a given demand, if the supply of a commodity declines, the equilibrium price level falls.
  Indicate whether the statement is true or false

Question 2

A producer can raise profit by expanding output if his:
 a. marginal revenue is equal to marginal cost.
  b. marginal revenue is less than marginal cost.
  c. marginal revenue is negative.
  d. marginal cost is negative.
  e. marginal revenue is greater than marginal cost.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mistyjohnson

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

F

Answer to Question 2

e


arivle123

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Excellent

Joy Chen

  • Member
  • Posts: 354
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Your heart beats over 36 million times a year.

Coronary circulation. (A) Coronary vessels portraying the complexity and extent of the coronary circ Coronary circulation. (A) Coronary vessels portraying the complexity and extent of the coronary circ
The structure of skin (a) and epidermis (b) at the microscopic level. The structure of skin (a) and epidermis (b) at the microscopic level.
Rising sea level: Some areas will be affected by a rise of just 40 cm Rising sea level: Some areas will be affected by a rise of just 40 cm
Blood and Nerve Supply of Bone Blood and Nerve Supply of Bone
Blood Supply to the Lungs Blood Supply to the Lungs
The quaternary level of protein structure as seen in hemoglobin The quaternary level of protein structure as seen in hemoglobin
Video: Covalent bonds - role in the body

For a complete list of videos, visit our video library