If price is greater than marginal cost for the last unit produced:
A) Profit is increasing.
B) Profit is decreasing.
C) Only economic costs are being covered.
D) Average total cost is covereD.
Correct Answer:
Verified
Q41: Marginal cost:
A) Is the change in fixed
Q42: The main difference to an economist between
Q43: If an additional unit of labor costs
Q44: If an additional unit of labor costs
Q45: When a firm makes an investment decision,it
Q47: Which of the following must be considered
Q48: If an additional unit of labor costs
Q49: Rising marginal costs result from:
A) Rising marginal
Q50: The selection of the short-run rate of
Q51: In the long run,a company will stay
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents