Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Macroeconomics Expert

Characterize each of following proclamations as true or false, and illustrate your answer.

1. If marginal revenue is less than the average revenue, the demand curve will be downward sloping.

2. Profits will be maximized when the total revenue equivalents total cost.

3. Given the downward sloping demand curve and positive marginal costs, profit maximizing firms will always sell less output upper prices than will revenue maximizing firms.

4. Marginal cost should be falling for the average cost to turn down as output expands.

5. Marginal profit is the differentiation between marginal revenue and marginal cost will always equivalent zero at the profit maximizing activity level.

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M910682

Have any Question? 


Related Questions in Macroeconomics

What are the three types of mergers that firms can do

What are the three types of mergers that firms can do? Classify the following possible mergers between Starbucks and coffee growers, Bank of America and Fleet Bank, Microsoft and Steel company, Home Depot and Lowe's, int ...

Principles of economicsplease write a summary of the video

Principles of economics Please write a summary of the video below economic-policy-challenges-macroeconomics-and-fiscal-policy. Review this video on Economic Policy Challenges from MIT; http://techtv.mit.edu/videos/16731- ...

Economic projectempirical project the research project

Economic Project Empirical Project The research project should be about 10 pages and should explain your data collection, model, and findings. Below is a quick guide to doing empirical research. Guide to doing an empiric ...

Milestone three feeding americabecause the moneyneeded to

MILESTONE THREE Feeding America Because the moneyneeded to operate a not-for-profitorganizationcomeslargely fromprivate donations and public grants, spending the money wisely is a top priority. In addition, where there i ...

Assignmentbecause many african societies lacked written

Assignment Because many African societies lacked written records, western scholars often ignored and discounted Sub-Saharan African history. Do you believe written records are more valuable and legitimate then oral recor ...

1 suppose you are hired to manage a small manufacturing

1. Suppose you are hired to manage a small manufacturing facility that produces Widgets. (Part A) You know that you are operating in a monopolistically competitive market, that is, you are a small part of a large market ...

According to the immigrant assimilation related studies the

According to the immigrant assimilation related studies, the typical earnings profiles of immigrants start lower and literature, born. In the space are steeper than the earnings profiles of the native for years below, u ...

Discuss and contrast how your state and metropolitanlocal

Discuss and contrast how your State and Metropolitan/Local Area GDP rates and personal income compared to the Rest of the U.S. by briefly summarizing the information within these categories. Such as, identifying the cont ...

Define the says law and give your interpretationdoes

Define the Say's law and give your interpretation. Does everything have a price? Are there some things you would not do regardless of the price? (Remember: prices and money are not synonyms; prices may be non-monetary.) ...

The congressional budget office estimates that the us

The Congressional Budget Office estimates that the U.S. budget deficit for 2016 will be $587 billion.  The US debt is approximately $19.9 trillion. The estimated GDP for 2016 is about $18.7 trillion, and net interest pay ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen