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

Author Question: ________ is maximized in a competitive market when marginal benefit equals marginal cost. A) ... (Read 88 times)

lak

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
________ is maximized in a competitive market when marginal benefit equals marginal cost.
 
  A) Selling price B) Deadweight loss C) Marginal profit D) Economic surplus

Question 2

What is meant by expected value? How is it calculated?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shaquita

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

An expected value is the average value of an event. Expected value is equal to the sum of all possible outcomes or values, each weighted by its probability of occurring.


lak

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
Wow, this really help

tandmlomax84

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

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?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Energy Balance Is Achieved When Energy (Calories) In Equals Energy (Calories) Out Energy Balance Is Achieved When Energy (Calories) In Equals Energy (Calories) Out
Cost Accounting 14 Cost Accounting 14
Cost of Laptops Cost of Laptops
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her
Video: Uterine (menstrual) cycle - phases

For a complete list of videos, visit our video library