Multiple Choice
Which of the following is the incorrect statement?
A) The marginal benefits curve is the slope of the total benefits curve.
B) dB(Q) /dQ = MB.
C) The slope of the net benefit curve is horizontal where MB = MC.
D) The difference in the slope of the total benefit curve and the total cost curve is maximized at the optimal level of Q.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: What is the level of net
Q2: A bond pays $100 at the end
Q3: AMS recently instituted an in-house recycling program.The
Q4: The primary inducement for new firms to
Q5: Suppose total benefits and total costs are
Q7: Suppose total benefits and total costs are
Q8: A firm will maximize the present value
Q9: Basic principles that comprise good management include:<br>A)
Q10: To maximize profits,a firm should continue to
Q11: In the Wealth of Nations,Adam Smith argues