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Author Question: A profit-maximizing monopolist will continue expanding output as long as: a. marginal revenue ... (Read 70 times)

RYAN BANYAN

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on: Jun 30, 2018
A profit-maximizing monopolist will continue expanding output as long as:
 a. marginal revenue exceeds marginal cost.
  b. marginal revenue is positive.
  c. the cost of producing an additional unit exceeds the marginal revenue derived from the unit.
  d. economic profit is more than zero.

Question 2

Consumer equilibrium is a condition in which total utility cannot increase by spending more of a given budget on one good and spending ____ on another good.
 a. an equal amount
  b. more
  c. less
  d. zero


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Natalie4ever

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

a

Answer to Question 2

c


RYAN BANYAN

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Dominic

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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