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Author Question: Marginal profit is negative when: A) marginal revenue is negative. B) total cost exceeds total ... (Read 225 times)

mrsjacobs44

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on: Jul 1, 2018
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.


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milbourne11

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

E


mrsjacobs44

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Reply #2 on: Jul 1, 2018
Thank you


milbourne11

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Reply #3 on: Jul 1, 2018
No problemo


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