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Author Question: If a firm is producing at an output where the total revenue curve crosses the total cost curve, a. ... (Read 122 times)

jc611

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on: Jun 30, 2018
If a firm is producing at an output where the total revenue curve crosses the total cost curve,
 a. revenue is maximized
  b. cost is maximized
  c. cost is minimized
  d. profit is maximized
  e. profit is zero

Question 2

Negative marginal revenue means that
 a. the firm is maximizing its economic profit
  b. the firm is maximizing its total revenue
  c. total revenue is increasing at an increasing rate as output increases
  d. total revenue is increasing at a decreasing rate as output increases
  e. total revenue is decreasing as output increases


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chereeb

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

E

Answer to Question 2

E


jc611

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

amandalm

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

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