Author Question: The total revenue graph consistent with Table 8.1 is A) linear and upward-sloping. B) linear ... (Read 97 times)

Haya94

  • Hero Member
  • *****
  • Posts: 558
The total revenue graph consistent with Table 8.1 is
 
  A) linear and upward-sloping.
  B) linear and horizontal.
  C) linear and vertical.
  D) linear and downward-sloping.
  E) concave downwards.

Question 2

Two isoquants, which represent different output levels but are derived from the same production function, cannot cross because
 
  A) isoquants represent different utility levels
  B) this would violate a technical efficiency condition
  C) isoquants are downward sloping
  D) additional inputs will not be used by profit maximizing firms if those inputs decrease output
  E) Both B and D are true.



KKcool

  • Sr. Member
  • ****
  • Posts: 340
Answer to Question 1

A

Answer to Question 2

E



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

For a complete list of videos, visit our video library