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Author Question: If, as a firm increases its rate of output, total cost increases as well, a. profit cannot be ... (Read 99 times)

hbsimmons88

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If, as a firm increases its rate of output, total cost increases as well,
 a. profit cannot be maximized
  b. revenue cannot be maximized
  c. cost cannot be minimized
  d. marginal cost is increasing
  e. marginal cost is positive

Question 2

For a monopolist, marginal revenue is
 a. equal to price
  b. greater than price
  c. less than price
  d. represented by a horizontal curve
  e. equal to average revenue



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AISCAMPING

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Answer to Question 1

E

Answer to Question 2

C




AISCAMPING

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