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Author Question: A perfectly competitive firm's marginal revenue exceeds its marginal cost at its current output. To ... (Read 230 times)

misspop

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on: Jun 29, 2018
A perfectly competitive firm's marginal revenue exceeds its marginal cost at its current output. To increase its profit, the firm will
 
  A) lower its price.
  B) raise its price.
  C) decrease its output.
  D) increase its output.

Question 2

________ real GDP increases the demand for money and ________ the nominal interest rate decreases the quantity of money demanded.
 
  A) Increasing; increasing
  B) Increasing; decreasing
  C) Decreasing; increasing
  D) Decreasing; decreasing


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steff9894

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

D

Answer to Question 2

A


misspop

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  • Posts: 540
Reply 2 on: Jun 29, 2018
Excellent

jomama

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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