This topic contains a solution. Click here to go to the answer

Author Question: If, as a firm increases its rate of output, total cost increases as well, a. profit cannot be ... (Read 108 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
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
Answer to Question 1

E

Answer to Question 2

C




AISCAMPING

  • Sr. Member
  • ****
  • Posts: 347

 

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

For a complete list of videos, visit our video library