In the above figure, when the firm produces output corresponding to point c, the firm's marginal cost
A) is less than its marginal revenue.
B) equals its marginal revenue.
C) exceeds its marginal revenue.
D) equals its average revenue.
B
Economics
You might also like to view...
________ refer to the ordinary fluctuations of real GDP around its long-run trend
Fill in the blank(s) with correct word
Economics
When you buy a hamburger for lunch, you are using money as a
A) store of value. B) standard of deferred payment. C) medium of exchange. D) unit of accounting.
Economics
We expect the price elasticity of supply to be
A) negative. B) positive. C) between -1 and +1. D) zero.
Economics
Temporary Assistance to Needy Families is a government program with the goal of:
A. redistribution. B. economic growth. C. social insurance. D. None of these is true.
Economics