This topic contains a solution. Click here to go to the answer

Author Question: Bubba's Bait and Tackle is maximizing profits, so it must be producing where (Read 80 times)

V@ndy87

  • Hero Member
  • *****
  • Posts: 571

Question 1

If a firm is producing where 
MR < 
MC


◦ the revenue gained by producing one more unit of output exceeds the cost incurred by doing so.
◦ the revenue gained by producing one more unit of output equals the cost incurred by doing so.
◦ the revenue gained by producing one more unit of output is less than the cost incurred by doing so.
◦ the firm is already maximizing profits because revenue is being decreased by more than costs.

Question 2

Bubba's Bait and Tackle is maximizing profits, so it must be producing where


MR > 
MC.
MR < 
MC.
MR = 
MC.
MR = 0.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by V@ndy87 on Apr 19, 2019

kusterl

  • Sr. Member
  • ****
  • Posts: 315
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 32% of students answer this correctly




V@ndy87

  • Member
  • Posts: 571
Reply 2 on: Apr 19, 2019
:D TYSM


billybob123

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

For a complete list of videos, visit our video library