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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 97 times)

hbsimmons88

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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

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

E

Answer to Question 2

C


hbsimmons88

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Reply #2 on: Jun 30, 2018
Correct answers!


AISCAMPING

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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