In the long run, marginal cost must equal marginal revenue for a ...

[Brittanyd9008]

In the long run, marginal cost must equal marginal revenue for a monopolistic competitive firm, but not at the minimum point of the long-run average cost curve.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If fixed cost is 200,000 and variable cost is 30 per unit over the relevant range of output, when 10,000 units are produced, the average total cost will be:
 a. 20.
  b. 30.
  c. 50.
  d. 70.

[tennis14576]

Answer to Question 1

True

Answer to Question 2

c

[Brittanyd9008]

TYSM

[matt95]

Excellent