Whenever average profit is declining with increases in output,marginal
A) revenue is less than marginal cost.
B) revenue is greater than marginal cost.
C) revenue is equal to marginal cost.
D) profit is less than average profit.
E) profit is negative.
Correct Answer:
Verified
Q2: The first derivative of total profit with
Q3: The slope of a straight line is:
A)
Q4: When average profit is increasing with increases
Q5: If Y = -2 + X +
Q6: The constant rule of differentiation is:
A)
Q8: If Y = aXb(c + Xd),then dY/dX
Q9: If Y = aX / (b +
Q10: Marginal profit is maximized when:
A) average profit
Q11: Whenever average profit is less than marginal
Q12: If Y = 12 - 6X +
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