Marginal cost pricing means that

A. Firms produce where marginal cost equals marginal revenue.
B. Goods are offered for sale at prices equal to marginal cost.
C. Firms produce where marginal cost equals zero.
D. Goods are offered for sale at prices equal to average total cost.


Answer: B

Economics

You might also like to view...

An English auction consists of ________

A) an auctioneer and several bidders B) one auctioneer and one bidder C) few auctioneers and several bidders D) several auctioneers and one bidder

Economics

Refer to Table 2-13. What is Tammi's opportunity cost of grooming a dog?

A) two bathed cats B) half a bathed cat C) one and a half bathed cats D) two-thirds of a bathed cat

Economics

Marginal revenue

A) cannot be used to determine the profit-maximizing rate of production. B) is the change in total revenues resulting from a change in output. C) is a change in revenue that is immeasurable and non-quantifiable. D) cannot be effectively utilized when analyzing the perfect competitor.

Economics

The Monetary Control Act of 1980 extended the Fed's authority to

Economics