Friday
April 25, 2014

Homework Help: Microeconomics

Posted by G on Friday, August 29, 2008 at 8:25pm.

As a general rule, profit-maximiaing producers in a competitive maket produce ouput at a point where:

A) marginal cost is increasing
B) marginal cost is decreasing
C) marginal revenue is increasing
D) price is less than marginal revenue

I was picking C for the answer?

The short-run supply curve for a firm in a perfectly compptitce marker is:

A) likely to be horizontal
B) likely to slope downward
C) determined by forces external to the firm
D) It's marginal cost curve (above average varible cost)

I was picking B for the answer?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Micoreconomics - As a general rule, profit-maximizing producers in a competitive...
Microeconomics - Monopolistic Competition A profit-maximizing firm in a ...
microeconomics - “Competitive firms do not want to produce its goods even after...
Economics - Yeah, so I'm in urgent need of help with this homework. 1. Assume ...
Microeconomics - Monopolistic Competition A monopolistically competitive market ...
microeconomics - consider total cost and total revenue given in the table bellow...
Business Calculus - A company has operating costs of $2000 per thousand items ...
economics - A monopolist faces an upward-sloping marginal cost curve. Its ...
advanced math - The marginal cost of a product can be thought of as the cost of ...
Economics - 6. Consider total cost and total revenue given in the table below: ...

Search
Members