Total revenue when output exceeds

When output is expanded, then a firm's total revenues: (1) are maximized where marginal revenue is zero. (2) decline whenever average revenue falls. (3) rise more quickly the faster marginal returns diminish. (4) are maximized where profit is maximized. (5) equals its marginal revenues when the firm is competitive.

Hello guys I want your advice. Please recommend some views for above Economics problems.

View Complete Question

Related Questions in Microeconomics

Q : Technology in supply I have a problem

I have a problem in economics on Technology in supply. Please help me in the following question. The bumper corn crop caused by the good weather would symbolize a raise in: (i) supply. (ii) Consumer’s tastes for corn. (iii) Demand. (iv) The price of corn. <

Q : Demands possibly the least income

Demands are possibly the least income elastic for very poor Americans for: (i) automobile services. (ii) Big Macs. (iii) lard. (iv) housing. (v) health care. Can anybody suggest me the proper expla

Q : Production and consumption of good of

Production and consumption of a good is most probable to be economically inefficient in a private market system while private decisionmakers: (i) are affected by government policymakers. (ii) avoid how the activity generates benefits on non-decisionma

Q : Help The problem of asymmetric

The problem of asymmetric information is that: a) neither health care buyers nor providers are well-informed. b) health care providers are well-informed, but buyers are not. c) the outcomes of many complex medical procedures cannot be predicted. d) insurance companies are well-informed

Q : Short run for production I have a

I have a problem in economics on Short run for production. Please help me in the following question. In short run for production: (1) Both variable and fixed costs exist. (2) Productive capacity might be adjusted. (3) Unprofitable firms shut down. (4) No fresh workers

Q : Monopsony Power-Demand for Labor Can

Can someone help me in finding out the right answer from the given options. After adjusting for the inflation, Alex Rodriquez’s salary with NY Yankees was very higher in 2006 than Henry Aaron's salary with Atlanta Braves in the year 1970s that implies that: (i)

Discover Q & A

Leading Solution Library

Avail More Than 1413180 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1950652
Asked

3,689

Active Tutors

1413180

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment