« previous next »

Author Question: In the above figure, by increasing its output from Q2 to Q3, the firm A) reduces its marginal ... (Read 52 times)

luminitza

  • Hero Member
  • *****
  • Posts: 555
on: Jun 29, 2018
In the above figure, by increasing its output from Q2 to Q3, the firm
 
  A) reduces its marginal revenue.
  B) increases its marginal revenue.
  C) decreases its profit.
  D) increases its profit.

Question 2

Ticket scalpers at the NCAA basketball tournament last year charged prices high above the printed ticket price. This observation is evidence of
 
  A) a surplus at printed ticket prices.
  B) a shortage at printed ticket prices.
  C) the tournament not being televised.
  D) the tournament getting too much television exposure.


mfedorka

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

(A) Figure illustrating the location and appearance of a peptic ulcer in both the stomach and the du (A) Figure illustrating the location and appearance of a peptic ulcer in both the stomach and the du
A genetic bottleneck reduces a population temporarily to very low levels, removing much of its genet A genetic bottleneck reduces a population temporarily to very low levels, removing much of its genet
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
Colossal Figure of Akhenaten Colossal Figure of Akhenaten
Re-creation of Pheidias’s Huge Gold and Ivory Figure of Athena Re-creation of Pheidias’s Huge Gold and Ivory Figure of Athena
Increasing/decreasing Functions Increasing/decreasing Functions
Video: Stroke volume

For a complete list of videos, visit our video library