This topic contains a solution. Click here to go to the answer

Author Question: In order to maximize profits, a firm should produce the level of output at which total revenue is ... (Read 170 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
In order to maximize profits, a firm should produce the level of output at which total revenue is maximized.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In the market for crude oil, everything held constant, if rate of interest of simple bank accounts or interest-bearing investments decline, then:
 a. the consumption of crude oil declines in the present period.
  b. the extraction of crude oil will increase today.
  c. the price of the crude oil in the international market falls in the present period.
  d. greater research and developments are conducted to locate new sites of crude oil in the present period.
  e. the extraction of crude oil will fall in the present period.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dunkey

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

False

Answer to Question 2

e




genevieve1028

  • Member
  • Posts: 601
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


shewald78

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Gracias!

 

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

For a complete list of videos, visit our video library