The rate of production at which marginal revenue equals marginal cost is
A) a point of negative profits for the firm.
B) what determines the equilibrium price in the market.
C) the firm's shutdown point.
D) the point where profits are maximized.
D
Economics
You might also like to view...
A market in which many firms sell identical products is
A) a monopoly. B) an oligopoly. C) only perfectly competition. D) only monopolistic competition. E) both perfect competition and monopolistic competition.
Economics
The amount of unemployment that policymakers should not worry about because it constitutes no social problem is
A) 2 percent of the labor force. B) 4 percent of the labor force. C) not any single amount that can be clearly measured. D) the amount that can exist without causing a recession. E) the amount that is due to people's choices among available alternatives.
Economics