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 97 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!

lkanara2

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Major moons of Uranus in order of increasing distance (left to right), at their proper relative size Major moons of Uranus in order of increasing distance (left to right), at their proper relative size
Determining the order and rate constant of an irreversible first-order reaction Determining the order and rate constant of an irreversible first-order reaction
Canada Total Energy Consumption by Fuel Type Canada Total Energy Consumption by Fuel Type
Derivative of Reciprocal Trig Function Derivative of Reciprocal Trig Function
Find the derivative of y = 2t^4 - 10t^2 + 13t Find the derivative of y = 2t^4 - 10t^2 + 13t
Analysis of double-mutant phenotypes to find order of genes in developmental pathways Analysis of double-mutant phenotypes to find order of genes in developmental pathways
Video: Membrane transport proteins - pores, gated channels and pumps

For a complete list of videos, visit our video library