中国大学MOOC: A profit-maximizing firm in a competitive market will increase production when average revenue exceeds marginal cost.
举一反三
- A profit-maximizing firm in a competitive market will decrease production when marginal cost exceeds average revenue A: 正确 B: 错误
- A firm maximizes profit by operating at the level of output where A: average revenue equals average cost. B: average revenue equals average variable cost. C: total costs are minimized. D: marginal revenue equals marginal cost. E: marginal revenue exceeds marginal cost by the greatest amount.
- A perfectly competitive firm maximizes its profit by producing the output at which its marginal cost equals its ____ A: marginal revenue B: average total cost C: average variable cost. D: average fixed cost.
- Which type of profit maximizing firm will choose to produce where marginal revenue equals marginal cost?
- For any given price, a firm in a competitive market will maximize<br/>profit by selecting the level of output at which price intersects the<br/>( ) A: average total cost curve. B: average variable cost curve. C: marginal cost curve. D: marginal revenue curve.