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Economics

1. For a perfectly competitive? firm, at profit maximization

A. marginal revenue equals marginal cost.

B. total revenue is maximized.

C. production must occur where average cost is minimized.

D. market price exceeds marginal cost.

2. Which of the following will shift the demand curve for a? good?

A. a change in the technology used to produce the good

B. an increase in the price of the good

C. a decrease in the price of the good

D. a decrease in the price of a complementary good

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92203627

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