Multiple Choice
In order to maximize profit,a firm that sells its output in two markets will allocate total output between the two markets so that:
A) marginal revenue is equal in the two markets
B) marginal revenue for the firm is equal to the sum of the marginal revenues
C) marginal revenue for the firm is equal to the sum of the marginal costs
D) both a and b
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q45: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7882/.jpg" alt=" The
Q46: A firm sells its product to two
Q47: A news magazine offers students a discount
Q48: The following graph shows the demands and
Q49: The following graph shows the demands and
Q51: A firm is producing two goods
Q52: A firm sells its product to two
Q53: A firm is producing two goods
Q54: A firm faces the demand for
Q55: A firm sells two goods (X