« previous next »

Author Question: A firm sells grapefruit in a perfectly competitive market at a price of 1.50 per pound. The firm's ... (Read 90 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
A firm sells grapefruit in a perfectly competitive market at a price of 1.50 per pound. The firm's marginal revenue:
 a. equals 1.50.
 b. is less than 1.50.
 c. is greater than 1.50.
 d. cannot be determined from the information provided.

Question 2

Inefficient use of resources leads to:
 a. production bundles inside the production set.
  b. production bundles outside the production set.
  c. a reduction in the production set.
  d. production of a combination on the production set.


macmac

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

competitive inhibition competitive inhibition
Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact. Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact.
The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ... The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ...
A substrate and its competitive inhibitor A substrate and its competitive inhibitor
Stock Market Tracks Growth in GDP Stock Market Tracks Growth in GDP
Iraqi market Iraqi market
Video: Glycolysis - and oxygen

For a complete list of videos, visit our video library