This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In order to maximize profits A) the derivative of total revenue with respect to quantity must be ... (Read 116 times)

newbem

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
In order to maximize profits
 A) the derivative of total revenue with respect to quantity must be less than the derivative of total cost with respect to quantity.
  B) the derivative of total revenue with respect to quantity must be greater than the derivative of total cost with respect to quantity.
  C) the derivative of total revenue with respect to quantity must equal the derivative of total cost with respect to quantity.
  D) none of these choices.

Question 2

The kinked demand curve is based on the idea that
 A) you will follow my price increase but not my price cut.
  B) you will follow my price cut but not my price increase.
  C) you will follow all price changes I might initiate.
  D) you will not follow my behavior at all.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

SVictor

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


newbem

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Gracias!

ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

For this bimolecular reaction, the rate constant k is second order For this bimolecular reaction, the rate constant k is second order
The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue
Sensory receptor synapses with first-order sensory neuron Sensory receptor synapses with first-order sensory neuron
Higher-Order Conditioning Higher-Order Conditioning
Derivative of Inverse Trig Function Derivative of Inverse Trig Function
Finding the derivative using the power rule - Solutions Finding the derivative using the power rule - Solutions
Video: Red alga life cycle Animation

For a complete list of videos, visit our video library