A perfectly competitive firm will have an economic profit of zero ...

[naturalchemist]

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

[ebenov]

Answer to Question 1

A

Answer to Question 2

C

[naturalchemist]

Thank you

[ebenov]

No problemo