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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 70 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
Thanks for the timely response, appreciate it

juliaf

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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