Author Question: If, as a firm increases its rate of output, total cost increases as well, a. profit cannot be ... (Read 79 times)

hbsimmons88 · **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

AISCAMPING · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

E

Answer to Question 2

C

hbsimmons88 · **Reply #2 on:** Jun 30, 2018

Correct answers!

AISCAMPING · **Reply #3 on:** Jun 30, 2018

Great! Please up vote

Author Question: If, as a firm increases its rate of output, total cost increases as well, a. profit cannot be ... (Read 79 times)

hbsimmons88

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

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AISCAMPING

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

hbsimmons88

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

AISCAMPING

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