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

Author Question: If a firm's marginal revenue is below its marginal cost, an increase in production will usually a. ... (Read 19 times)

Bernana

  • Hero Member
  • *****
  • Posts: 530
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JYan

  • Sr. Member
  • ****
  • Posts: 331
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
YES! Correct, THANKS for helping me on my review

EAN94

  • Member
  • Posts: 307
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Primary production is constrained by the most limiting factor. Primary production is constrained by the most limiting factor.
Abiotic production of biomolecules Abiotic production of biomolecules
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
Mean scores for Erikson’s stage VI (Intimacy) for two cohorts. Scores for both cohorts increase ... Mean scores for Erikson’s stage VI (Intimacy) for two cohorts. Scores for both cohorts increase ...
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
As the world’s population continues to grow, demands on limited resources for food production As the world’s population continues to grow, demands on limited resources for food production
Video: Digestion Animation

For a complete list of videos, visit our video library