explain whether firm’s decisions are optimal if economic (a) positive, (b) zero, or (c) negative.
Homework Answers
Solution: zero
Explanation: The optimal level of output for a firm for maximizing its profits is a point where the market price equals the marginal cost. When marginal revenue and price is less than marginal cost, the firm would incur an economic loss on the marginal unit, thus would increase its profits by reducing the output; and when marginal revenue and price is greater than marginal cost, the firm would incur profit, but not to its maximum.
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explain whether firm’s decisions are optimal if economic (a)
positive, (b) zero, or (c) negative.
Determine whether the work done by the force field is positive, negative or zero
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A is positive negative or zero? R is positive negative or zero? S is positive negative...
A is positive negative or zero?
R is positive negative or zero?
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A is positive negative or zero?
R is positive negative or zero?
S is positive negative or zero?
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