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Author Question: If, for the last unit of a good produced by a perfectly competitive firm, MR > MC, then in ... (Read 98 times)

brutforce

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on: Jun 29, 2018
If, for the last unit of a good produced by a perfectly competitive firm, MR > MC, then in producing it, the firm
 
  A) added more to total costs than it added to total revenue.
  B) added more to total revenue than it added to total cost.
  C) has minimized its losses.
  D) is maximizing marginal profit.

Question 2

Which of the following is not a reason why government officials are willing to impose entry barriers?
 
  A) to increase economic efficiency
  B) to raise revenue
  C) to promote an equitable distribution of income
  D) to encourage innovation which may improve the standard of living in the long run
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cclemon1

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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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brutforce

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


cclemon1

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


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