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

Author Question: If, as a firm increases its rate of output, total cost increases as well, a. profit cannot be ... (Read 104 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
on: Jun 30, 2018
If, as a firm increases its rate of output, total cost increases as well,
 a. profit cannot be maximized
  b. revenue cannot be maximized
  c. cost cannot be minimized
  d. marginal cost is increasing
  e. marginal cost is positive

Question 2

For a monopolist, marginal revenue is
 a. equal to price
  b. greater than price
  c. less than price
  d. represented by a horizontal curve
  e. equal to average revenue


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

AISCAMPING

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

C


hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
Reply #2 on: Jun 30, 2018
Correct answers!


AISCAMPING

  • Sr. Member
  • ****
  • Posts: 347
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
The Increasing Cost of Health Care, 1960–2010 The Increasing Cost of Health Care, 1960–2010
Top Ten States Ranked by Rate or Reported Bacterial STI Cases in 2011 Top Ten States Ranked by Rate or Reported Bacterial STI Cases in 2011
The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ... The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ...
Solar output Solar output
Explain the myogenic autoregulation of the glomerular filtration rate Explain the myogenic autoregulation of the glomerular filtration rate
Video: Chemical Buffers - protein buffer, phosphate buffer system and bicarbonate buffer system

For a complete list of videos, visit our video library