This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Marginal profit is negative when: A) marginal revenue is negative. B) total cost exceeds total ... (Read 238 times)

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

milbourne11

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

E


mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
Reply #2 on: Jul 1, 2018
Thank you


milbourne11

  • Sr. Member
  • ****
  • Posts: 322
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Water potentials decrease (become more negative) as one moves from soil to plant to atmosphere Water potentials decrease (become more negative) as one moves from soil to plant to atmosphere
negative feedback loop negative feedback loop
Negative feedback control of the female reproductive hormones Negative feedback control of the female reproductive hormones
Total radiative forcing ~1.63 Wm-2 Total radiative forcing ~1.63 Wm-2
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 ...
Negative Feedback and Temperature Control Negative Feedback and Temperature Control
Video: Studying the Left and Right Brain Independently

For a complete list of videos, visit our video library