[Answered] If, as a firm increases its rate of output, total cost increases as well, a. profit cannot be ...

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Author Question: If, as a firm increases its rate of output, total cost increases as well, a. profit cannot be ... (Read 109 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

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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

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Author Question: If, as a firm increases its rate of output, total cost increases as well, a. profit cannot be ... (Read 109 times)

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