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Author Question: If the marginal cost of producing a good is increasing as a firm produces more of the good, then ... (Read 70 times)

ETearle

  • Hero Member
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  • Posts: 580
on: Jul 1, 2018
If the marginal cost of producing a good is increasing as a firm produces more of the good, then which of the following must be TRUE?
 
  A) AFC is rising.
  B) AVC is rising.
  C) MC > AVC.
  D) MPL is falling.

Question 2

A firm that seeks to maximize its revenue is most likely to adhere to which of the following?
 
  A) MR = MC
  B) MR = 0
  C) MR = P
  D) MR < MC


yasmin

  • Sr. Member
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  • Posts: 319
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


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