In a competitive market equilibrium the ________ equals the ________ of the last unit sold
A) total profit; marginal benefit
B) total cost; marginal cost
C) profit; selling price
D) marginal benefit; marginal cost
Answer: D
Economics
You might also like to view...
If marginal propensity to save equals 0.50, then the marginal propensity to consume is:
A) 1.25. B) 0.50. C) 0.70. D) 1.00.
Economics
The reduction of brokerage commissions for trading common stocks that occurred in 1975 caused the demand for bonds to ________ and the demand curve to shift to the ________
A) fall; right B) fall, left C) rise; right D) rise; left
Economics