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Author Question: Assuming there are no externalities, if a firm is producing at an output level where the benefits to ... (Read 42 times)

mrsjacobs44

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on: Apr 19, 2019

Question 1

Assuming there are no externalities, if a firm is producing at an output level where the benefits to consumers exceed the cost to the suppliers to produce it, then price


◦ equals marginal cost.
◦ is greater than marginal cost.
◦ is less than marginal cost.
◦ is less than marginal revenue.

Question 2

Assuming there are no externalities, if a firm is producing at an output level where the benefits to consumers are less than the cost to the suppliers to produce it, then price


◦ equals marginal cost.
◦ is greater than marginal cost.
◦ is less than marginal cost.
◦ is less than marginal revenue.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by mrsjacobs44 on Apr 19, 2019

ryansturges

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Reply #1 on: Apr 19, 2019
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.
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mrsjacobs44

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

fatboyy09

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

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