This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In order to maximize profits, a firm should produce the level of output at which total revenue is ... (Read 222 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jun 30, 2018
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
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

e


genevieve1028

  • Member
  • Posts: 601
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

dyrone

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

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?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Basidiomycetes produce diverse fruiting bodies. Basidiomycetes produce diverse fruiting bodies.
Confirming an Extinction-Level Impact Site Confirming an Extinction-Level Impact Site
As some groups do ethnic work, they produce a mythical long-lost heritage, as in this photo of ... As some groups do ethnic work, they produce a mythical long-lost heritage, as in this photo of ...
Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ... Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ...
Rising sea level: Some areas will be affected by a rise of just 40 cm Rising sea level: Some areas will be affected by a rise of just 40 cm
Solow Model with Saving Dependent on Income Level Solow Model with Saving Dependent on Income Level
Video: Nucleic acid digestion -small intestine

For a complete list of videos, visit our video library