Question

if, for a perfectly competitive firm, marginal cost is greater than marginal revenue for the 100th unit, then it follows that group of answer choices producing the 100th unit adds more to total revenue than it does to total cost. producing the 100th unit adds more to total cost than it does to total revenue. marginal cost equals marginal revenue for the 99th unit. the firm is not maximizing profit, or minimizing losses, if it produces the 100th unit. b and d

Answer 1

The Correct option is E. Producing the 100th unit adds more to total cost than it does to total revenue and the firm is not maximizing profit or minimizing losses.

In economics, the marginal price is the trade inside the general value that arises while the quantity produced is incremented, the fee of producing additional quantity. In some contexts, it refers to an increment of 1 unit of output, and in others, it refers to the fee of change of general fee as output is multiplied by an infinitesimal amount.

The marginal cost refers back to the growth in production costs generated by the manufacturing of additional product devices. it's also referred to as the marginal value of manufacturing. As discernment 1 shows, the marginal fee is measured in dollars per unit, whereas the overall fee is in dollars, and the marginal cost is the slope of the full cost, the charge at which it increases with output. The marginal fee isn't like the common fee, that is the total cost divided by using the number of units produced.

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