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Author Question: If price = marginal cost at the output produced by a perfectly competitive firm and the firm is ... (Read 95 times)

asd123

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on: Jun 29, 2018
If price = marginal cost at the output produced by a perfectly competitive firm and the firm is earning an economic profit, then
 
  A) marginal revenue is less than price. B) price exceeds average total cost.
  C) total revenue equals total cost. D) average total cost is at a minimum.

Question 2

If fixed costs do not change, then marginal cost
 
  A) equals the change in variable cost divided by the change in output.
  B) also remains constant.
  C) equals the change in average fixed cost divided by the change in output.
  D) equals the change in average variable cost divided by the change in output.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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Meganchabluk

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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asd123

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Reply #2 on: Jun 29, 2018
Correct answers!


Meganchabluk

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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