This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: For a perfectly competitive firm, marginal revenue is identical to marginal cost at every quantity. ... (Read 72 times)

folubunmi

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
For a perfectly competitive firm, marginal revenue is identical to marginal cost at every quantity.
 a. True
  b. False

Question 2

On a graph, to determine the price a profit-maximizing monopolist would charge, find the quantity at which MC and MR intersect and read up to the demand curve.
 a. True
  b. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

otokexnaru

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


folubunmi

  • Member
  • Posts: 524
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

TheDev123

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

DNA molecules replicate to form identical chromatids DNA molecules replicate to form identical chromatids
Identical twins share 100 percent of their segregating genes. Identical twins share 100 percent of their segregating genes.
Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ... Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ...
Typical Startup Cost Categories Typical Startup Cost Categories
Cost Accounting 14 Cost Accounting 14
question in cost accounting question in cost accounting
Video: Nerve Impulse Transmission Animation

For a complete list of videos, visit our video library