Marginal revenue for a perfectly competitive firm equals: a. the ...

[arivle123]

Marginal revenue for a perfectly competitive firm equals:
 a. the addition to total cost from producing one more unit of output.
  b. average revenue at all levels of output.
 c. marginal cost at all levels of output.
 d. average total cost at all levels of output.

Question 2

If coal is extracted in an unsustainable manner in the current period, the price for steel is likely to increase in future.
 a. True
  b. False
  Indicate whether the statement is true or false

[Carliemb17]

Answer to Question 1

b

Answer to Question 2

True

[arivle123]

Excellent

[momolu]

Thanks for the timely response, appreciate it