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Author Question: A perfectly competitive firm will have an economic profit of zero if, at its profit-maximizing ... (Read 211 times)

naturalchemist

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on: Jun 29, 2018
A perfectly competitive firm will have an economic profit of zero if, at its profit-maximizing output, its marginal revenue equals its
 
  A) average total cost.
  B) marginal cost.
  C) average variable cost.
  D) average fixed cost.

Question 2

The cost of risk is the amount by which expected wealth must increase to give the same ________ as a no-risk situation.
 
  A) marginal wealth
  B) marginal utility
  C) expected utility
  D) expected wealth


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ebenov

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

A

Answer to Question 2

C


naturalchemist

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Reply #2 on: Jun 29, 2018
Thank you


ebenov

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Reply #3 on: Jun 29, 2018
No problemo


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