« previous next »

Author Question: If a firm wished to maximize total revenues, it should produce where: a. marginal cost is zero. b. ... (Read 70 times)

ishan

  • Hero Member
  • *****
  • Posts: 546
on: Jul 1, 2018
If a firm wished to maximize total revenues, it should produce where:
 a. marginal cost is zero.
  b. marginal revenue is zero.
  c. marginal revenue is equal to marginal cost.
  d. marginal revenue is equal to price.

Question 2

Electricity pricing that varies in its billing expense throughout the day is called
 a. marginal cost pricing
  b. variable pricing
  c. full cost pricing pricing
  d. marginal pricing
 e. dynamic pricing


cadimas

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

ishan

  • Hero Member
  • *****
  • Posts: 546
Reply #2 on: Jul 1, 2018
Thank you


cadimas

  • Sr. Member
  • ****
  • Posts: 362
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

The Geometry of a Total Solar Eclipse The Geometry of a Total Solar Eclipse
Percentage of Foreign-Born Whites and Native Whites of Foreign or Mixed Parentage in Total Populatio Percentage of Foreign-Born Whites and Native Whites of Foreign or Mixed Parentage in Total Populatio
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ... A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ...
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
What is the total resistance of the circuit in Figure 1? 150 What is the total resistance of the circuit in Figure 1? 150
Video: Carbohydrate digestion - mouth and stomach & pancreas and small intestine

For a complete list of videos, visit our video library