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

Author Question: The value of the marginal product is equal to the marginal revenue product under perfect competition ... (Read 85 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
on: Jun 30, 2018
The value of the marginal product is equal to the marginal revenue product under perfect competition in the product market because:
 a. price is equal to average revenue.
  b. price is equal to average cost.
  c. marginal revenue is equal to marginal cost.
  d. price is equal to marginal revenue.
  e. average revenue is equal to average cost.

Question 2

People are compelled to make a choice because of the lack of time and money to buy everything they want.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jsherida

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


Shelles

  • Member
  • Posts: 582
Reply 2 on: Jun 30, 2018
Gracias!

DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Influence of abiotic factors on competition between T. castaneum and T. confusum. Influence of abiotic factors on competition between T. castaneum and T. confusum.
Perfect logistic curves Perfect logistic curves
Biking competition in the park Biking competition in the park
Importance of Considering Gestalt Principles in Product Design (2 of 2) Importance of Considering Gestalt Principles in Product Design (2 of 2)
Use the product rule to find derivative Use the product rule to find derivative
Use the product rule to find derivative Use the product rule to find derivative
Video: Interview with Person who has Panic Attacks

For a complete list of videos, visit our video library