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Author Question: In the above figure, when the firm produces output corresponding to point c, the firm's marginal ... (Read 86 times)

pane00

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  • Posts: 579
on: Jun 29, 2018
In the above figure, when the firm produces output corresponding to point c, the firm's marginal cost
 
  A) is less than its marginal revenue.
  B) equals its marginal revenue.
  C) exceeds its marginal revenue.
  D) equals its average revenue.

Question 2

The variable measured on the y-axis increases whenever the variable measured on the x-axis increases. As a result, the relationship between the variables will
 
  A) be negatively sloped.
  B) have a slope of zero.
  C) be a vertical line.
  D) be none of the above.


Toya9913

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

B

Answer to Question 2

D


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