Author Question: If a firm is maximizing profits, the extra revenue it receives from selling its last unit of output ... (Read 33 times)

jparksx · **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.