This topic contains a solution. Click here to go to the answer

Author Question: A perfectly competitive firm is producing at the point where its marginal cost equals its marginal ... (Read 193 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
A perfectly competitive firm is producing at the point where its marginal cost equals its marginal revenue. If the firm boosts its output, its total revenue will
 
  A) rise and its total variable cost will rise even more.
  B) rise and its total variable cost will rise, but not by as much.
  C) fall but its total variable cost will rise.
  D) fall and its total variable cost will fall, but not by as much.

Question 2

If a country has a capital and financial account deficit, that country's stock of international indebtedness is
 
  A) increasing.
  B) decreasing.
  C) constant.
  D) zero.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Eunice618

  • Sr. Member
  • ****
  • Posts: 350
Answer to Question 1

A

Answer to Question 2

B




EY67

  • Member
  • Posts: 531
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


jackie

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

For a complete list of videos, visit our video library