« previous next »

Author Question: If average product is decreasing, then marginal product must be negative. Indicate whether the ... (Read 119 times)

sdfghj

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
If average product is decreasing, then marginal product must be negative.
 
  Indicate whether the statement is true or false

Question 2

A perfectly competitive firm earns a profit when price is
 
  A) equal to minimum average variable cost. B) above minimum average total cost.
  C) equal to minimum average total cost. D) equal to minimum average fixed cost.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Alyson.hiatt@yahoo.com

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

sdfghj

  • Hero Member
  • *****
  • Posts: 552
Reply #2 on: Jun 29, 2018
Correct answers!


Alyson.hiatt@yahoo.com

  • Sr. Member
  • ****
  • Posts: 354
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

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?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

The FDA recognizes 118 routes of administration.

Examples of Impacts Associated with Different Amounts of Global Average Temperat Examples of Impacts Associated with Different Amounts of Global Average Temperat
Nonverbal communications convey strong, powerful messages that may be negative or positive. Nonverbal communications convey strong, powerful messages that may be negative or positive.
Average national IQs according to IQ and Global Inequality Average national IQs according to IQ and Global Inequality
Candidates for jobs are sometimes rejected when the prospective employer finds negative images or ... Candidates for jobs are sometimes rejected when the prospective employer finds negative images or ...
The bacterial cell wall: (a) gram-positive bacterium; (b) gram-negative bacterium. The bacterial cell wall: (a) gram-positive bacterium; (b) gram-negative bacterium.
ABO and Rh grouping using gelatin centrifugation. The blood sample above is AB negative as indicated ... ABO and Rh grouping using gelatin centrifugation. The blood sample above is AB negative as indicated ...
Video: Bond types - Atomic structure and basis of bonds

For a complete list of videos, visit our video library