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Author Question: If a firm is maximizing profits, the extra revenue it receives from selling its last unit of output ... (Read 23 times)

jparksx

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on: Jun 29, 2018
If a firm is maximizing profits, the extra revenue it receives from selling its last unit of output exceeds the extra cost of producing that unit.
 
  Indicate whether the statement is true or false

Question 2

If the interest rate is 10 percent, the present value of a payment of 1,000 one year from today is
 
  A) 900.
  B) 909.
  C) 1,000.
  D) 1,100.


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briezy

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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

B


jparksx

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

ecabral0

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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