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

Author Question: The value of the marginal product is equal to the marginal revenue product under perfect competition ... (Read 73 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
on: Jun 30, 2018
The value of the marginal product is equal to the marginal revenue product under perfect competition in the product market because:
 a. price is equal to average revenue.
  b. price is equal to average cost.
  c. marginal revenue is equal to marginal cost.
  d. price is equal to marginal revenue.
  e. average revenue is equal to average cost.

Question 2

People are compelled to make a choice because of the lack of time and money to buy everything they want.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jsherida

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


Shelles

  • Member
  • Posts: 582
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

The different types of competition in nature. The different types of competition in nature.
Demonstration of equal segregation within one meiocyte in the yeast S. cerevisiae Demonstration of equal segregation within one meiocyte in the yeast S. cerevisiae
A horse and rider in dressage competition at the Olympics A horse and rider in dressage competition at the Olympics
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Closed and Open Food Product Dating Closed and Open Food Product Dating
The phenotype of an organism is the product of interactions The phenotype of an organism is the product of interactions
Video: Supine Position

For a complete list of videos, visit our video library