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 77 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
Thanks for the timely response, appreciate it

Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

A horse and rider in dressage competition at the Olympics A horse and rider in dressage competition at the Olympics
Rule of Nines. A method for determining percentage of body burned. Each different colored section re Rule of Nines. A method for determining percentage of body burned. Each different colored section re
The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007). The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007).
Biking competition in the park Biking competition in the park
Importance of Considering Gestalt Principles in Product Design Importance of Considering Gestalt Principles in Product Design
A company that makes environmental measuring devices has calculated their revenue and costs as ... A company that makes environmental measuring devices has calculated their revenue and costs as ...
Video: Evolutionary tree of life Animation

For a complete list of videos, visit our video library