This topic contains a solution. Click here to go to the answer

Author Question: To find the profit maximizing level of output, a firm finds the output level where A) price ... (Read 51 times)

Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500
To find the profit maximizing level of output, a firm finds the output level where
 
  A) price equals marginal cost.
  B) marginal revenue and average total cost.
  C) price equals marginal revenue.
  D) all of the above
  E) none of the above

Question 2

The gap between consumption and income can never be particularly large.
 
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ciecieme

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

E

Answer to Question 2

F




Brittanyd9008

  • Member
  • Posts: 500
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


amcvicar

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

For a complete list of videos, visit our video library