If total profit is maximized, then marginal cost must equal marginal revenue.
Answer the following statement true (T) or false (F)
True
Economics
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In the late 1920s, you could buy $10,000 worth of stock by putting down as little as
A. $100. B. $1,000. C. $2,500. D. $5,000.
Economics
When the cutthroat oligopolist raises their prices, their competitors will ___________.
Fill in the blank(s) with the appropriate word(s).
Economics
Macroeconomics is concerned with
A) individual consumers. B) government decision making concerning farm price supports. C) aggregates. D) the effects on a corporation of a strike by the United Auto Workers.
Economics
If the unemployment rate is 13%, then the employment rate is
A. 13%. B. 87%. C. 113%. D. unknown based on the information given.
Economics