365Homework.com
Forgot your password?
Home Get Tutoring Get Paid Help Desk Create Account
Question from captain

$1.00

Title: For a certain firm, the 100th unit of output that the firm produces has a marginal revenue of $10 and a marginal cost of

Question Details
Q:

For a certain firm, the 100th unit of output that the firm produces has a marginal revenue of $10 and a marginal cost of $7. It follows that

           a.   the production of the 100th unit of output increases the firm’s profit by $3.

           b.   the production of the 100th unit of output increases the firm’s average total cost by $7.

           c.    the firm’s profit-maximizing level of output is less than 100 units.

           d.   All of the above are correct.


You are not able to submit tutorial for this question.
Available Tutorials to this Question

Title: For a certain firm, the 100th unit of output that the firm produces has a marginal revenue of $10 and a marginal cost of

    • This tutorial hasn't been purchased yet

    • Posted Date: Apr 28, 2012 at 9:25:58 PM

    • The full tutorial is about words long

 
A:
...sp;        a.   the production of the 100th unit of output increases t...
Current date and local time on this server is 05-22-2018 (Tue) 6:12:14 AM (CST)