Author Question: Marginal revenue for a perfectly competitive firm equals: a. the addition to total cost from ... (Read 83 times)

arivle123 · **on:** Jun 30, 2018

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