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

Author Question: If, as a firm increases its rate of output, total cost increases as well, a. profit cannot be ... (Read 107 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
on: Jun 30, 2018
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

AISCAMPING

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

C


hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
Reply #2 on: Jun 30, 2018
Correct answers!


AISCAMPING

  • Sr. Member
  • ****
  • Posts: 347
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Relative rate test, calibrating the molecular clock, and calculating divergence dates. Relative rate test, calibrating the molecular clock, and calculating divergence dates.
Influence of enzyme-substrate affinity on the rate of an enzyme-catalyzed reaction. Influence of enzyme-substrate affinity on the rate of an enzyme-catalyzed reaction.
A typical accelerator pedal position (APP) sensor, showing two different output voltage signals ... A typical accelerator pedal position (APP) sensor, showing two different output voltage signals ...
Cost Accounting 14 Cost Accounting 14
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
Outgroup role in relative rate test Outgroup role in relative rate test
Video: Magnetic resonance imaging (MRI)

For a complete list of videos, visit our video library