Marginal profit is negative when: A) marginal revenue is ...

[mrsjacobs44]

Marginal profit is negative when:
 
  A) marginal revenue is negative.
  B) total cost exceeds total revenue.
  C) output exceeds the profit-maximizing level.
  D) profit is negative.

Question 2

The government provides public education because
 
  A) public education is a public good.
  B) public education is non-rival and nonexclusive.
  C) private education is rival and exclusive.
  D) public education combats the negative externalities of private education.
  E) public education provides positive externalities.

[milbourne11]

Answer to Question 1

C

Answer to Question 2

E

[mrsjacobs44]

Thank you

[milbourne11]

No problemo