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Author Question: If a firm's marginal revenue is below its marginal cost, an increase in production will usually a. ... (Read 70 times)

Bernana

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on: Jul 1, 2018
If a firm's marginal revenue is below its marginal cost, an increase in production will usually
 a. increase profits.
  b. leave profits unchanged.
  c. decrease profits.
  d. increase marginal revenue.

Question 2

If a firm is a price taker, its marginal revenue is
 a. equal to market price.
  b. less than market price.
  c. greater than market price.
  d. a multiple of market price that may be either greater than or less than one.


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JYan

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

c

Answer to Question 2

a


Bernana

  • Member
  • Posts: 530
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

mochi09

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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