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Author Question: When a firm produces at the point where MR = MC, the profit that it is earning is considered to be ... (Read 26 times)

Bob-Dole

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on: Jul 1, 2018
When a firm produces at the point where MR = MC, the profit that it is earning is considered to be
 
  A) maximum.
  B) normal.
  C) above normal.
  D) Not enough information is provided.

Question 2

Municipalities that have adopted the policy of rent control typically set the rentals on certain apartments well below equilibrium. As a result,
 
  A) landlords have a difficult time finding tenants.
  B) prospective tenants have a difficult time finding available apartments.
  C) there is a surplus of apartments.
  D) All of the above.


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Andromeda18

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

D

Answer to Question 2

B


Bob-Dole

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

marict

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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