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

Author Question: A firm that sought to maximize market share would choose to produce an output level for which ... (Read 86 times)

jman1234

  • Hero Member
  • *****
  • Posts: 560
on: Jul 1, 2018
A firm that sought to maximize market share would choose to produce an output level for which marginal revenue was equal to
 a. marginal cost
  b. average cost.
  c. price.
  d. zero.

Question 2

If the demand curve a firm faces shifts to the right, usually
 a. it would be impossible to tell whether the marginal revenue curve shifts.
  b. the marginal revenue curve would shift to the left.
  c. the marginal revenue curve would shift to the right.
  d. the marginal revenue curve would not shift.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Toya9913

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


jman1234

  • Hero Member
  • *****
  • Posts: 560
Reply #2 on: Jul 1, 2018
Thank you


Toya9913

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Three routes of tissue-level transport in plants: transmembrane, symplastic, and apoplastic. Three routes of tissue-level transport in plants: transmembrane, symplastic, and apoplastic.
Activating a gene to produce “marathon mice.” Activating a gene to produce “marathon mice.”
Furchgott's discovery that endothelial cells produce a vasodilating substance. Furchgott's discovery that endothelial cells produce a vasodilating substance.
The gap between the projected level of greenhouse gas emissions The gap between the projected level of greenhouse gas emissions
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
U.S. Output and Productivity Growth, 1870–2007 U.S. Output and Productivity Growth, 1870–2007
Video: Humerus Adduction Animation

For a complete list of videos, visit our video library