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Author Question: A perfectly competitive firm will shut down in the short run when marginal revenue equals marginal ... (Read 176 times)

DelorasTo

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on: Jun 30, 2018
A perfectly competitive firm will shut down in the short run when marginal revenue equals marginal cost at a price less than minimum average variable cost.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Consumers tend to maximize:
 a. marginal utility.
  b. marginal utility per dollar.
  c. total utility.
  d. money holdings.
  e. consumer surplus.


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EAN94

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

True

Answer to Question 2

c


DelorasTo

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  • Posts: 548
Reply 2 on: Jun 30, 2018
Excellent

cam1229

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

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