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Author Question: The value of the marginal product is equal to the marginal revenue product under perfect competition ... (Read 96 times)

Shelles

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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


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Jsherida

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


Shelles

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Reply 2 on: Jun 30, 2018
Excellent

mammy1697

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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