If a firm wished to maximize total revenues, it should produce ...

[ishan]

If a firm wished to maximize total revenues, it should produce where:
 a. marginal cost is zero.
  b. marginal revenue is zero.
  c. marginal revenue is equal to marginal cost.
  d. marginal revenue is equal to price.

Question 2

Electricity pricing that varies in its billing expense throughout the day is called
 a. marginal cost pricing
  b. variable pricing
  c. full cost pricing pricing
  d. marginal pricing
 e. dynamic pricing

[cadimas]

Answer to Question 1

b

Answer to Question 2

b

[ishan]

Thank you

[cadimas]

No problemo