Author Question: The supply curve for a perfectly competitive firm is its marginal cost curve for all levels of ... (Read 166 times)

moongchi · **on:** Jun 30, 2018

The supply curve for a perfectly competitive firm is its marginal cost curve for all levels of output.
a. True
b. False
Indicate whether the statement is true or false

Question 2

At the point where total utility is at its peak, marginal utility is:
a. zero.
b. positive.
c. negative.
d. positive, but declining.
e. positive, but increasing.