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

Author Question: When a firm produces at the point where MR = MC, the profit that it is earning is considered to be ... (Read 30 times)

Bob-Dole

  • Hero Member
  • *****
  • Posts: 547
on: Jul 1, 2018
When a firm produces at the point where MR = MC, the profit that it is earning is considered to be
 
  A) maximum.
  B) normal.
  C) above normal.
  D) Not enough information is provided.

Question 2

Municipalities that have adopted the policy of rent control typically set the rentals on certain apartments well below equilibrium. As a result,
 
  A) landlords have a difficult time finding tenants.
  B) prospective tenants have a difficult time finding available apartments.
  C) there is a surplus of apartments.
  D) All of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Andromeda18

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


Bob-Dole

  • Member
  • Posts: 547
Reply 2 on: Jul 1, 2018
:D TYSM

ricroger

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Diabetes mellitus. The metabolic disease diabetes mellitus, with symptoms of polydipsia, polyuria, a Diabetes mellitus. The metabolic disease diabetes mellitus, with symptoms of polydipsia, polyuria, a
Scaling the Earth down to the size of a basketball, the Moon is roughly the size of a tennis ball. T Scaling the Earth down to the size of a basketball, the Moon is roughly the size of a tennis ball. T
Major Findings of the High Scope Preschool Study High Scope participants showed better academic per Major Findings of the High Scope Preschool Study High Scope participants showed better academic per
Speciation produces new types of organisms Speciation produces new types of organisms
Decimal Values as They Relate to the Location of the Decimal Point Decimal Values as They Relate to the Location of the Decimal Point
Find an equation of the tangent line to the graph of f(x) = sqrt(x) / (x+1) at the point x=1 Find an equation of the tangent line to the graph of f(x) = sqrt(x) / (x+1) at the point x=1
Video: Lipid catabolism - lipolysis and beta oxidation and oxidation of fatty acids

For a complete list of videos, visit our video library