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Author Question: In the short run, the profit maximizing (or minimizing) quantity of output for any firm to produce ... (Read 146 times)

james9437

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on: Jun 30, 2018
In the short run, the profit maximizing (or minimizing) quantity of output for any firm to produce exists at that output level at which marginal revenue equals marginal cost.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Total utility is measured by a mythical unit called the:
 a. bliss unit.
  b. useful unit.
  c. pleasure unit.
  d. util.


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s.meritte

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

True

Answer to Question 2

d


james9437

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  • Posts: 568
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

frankwu0507

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

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