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Author Question: A firm that sought to maximize market share would choose to produce an output level for which ... (Read 92 times)

jman1234

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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.


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Toya9913

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


jman1234

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Reply #2 on: Jul 1, 2018
Thank you


Toya9913

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Reply #3 on: Jul 1, 2018
No problemo


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