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 62 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
:D TYSM

jamesnevil303

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Population predictions for 2000–2050, using three different total fertility rates ( Population predictions for 2000–2050, using three different total fertility rates (
Total body water (TBW) Total body water (TBW)
Blood Collection Tubes: Order of Draw Blood Collection Tubes: Order of Draw
Derivative Help Derivative Help
In order to encourage Canadians to avoid cross border shopping, Walmart Canada is striving to ... In order to encourage Canadians to avoid cross border shopping, Walmart Canada is striving to ...
Rate order question Rate order question
Video: Types of antimicrobial substances (interferons & complement protein)

For a complete list of videos, visit our video library