Question and answer
Profits are maximized when marginal revenue and marginal costs are ________. a. set c. equal b. less than market price d. greater than market price
profits are maximized when marginal revenue and marginal cost are equal.
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User: Profits are maximized when marginal revenue and marginal costs are ________. a. set c. equal b. less than market price d. greater than market price

Weegy: profits are maximized when marginal revenue and marginal cost are equal.
nips18|Points 22|

User: Which of the following is an example of lower production costs brought about by the use of technology? a. the delivery costs of gasoline to the consumer by diesel trucks b. the use of e-mail to replace slower surface mail c. the making of breads and pastries in local shops rather than large bakeries d. the importing of fresh vegetables from South America rather than using canned vegetables

Weegy: B) the use of e-mail to replace slower surface mail is an example to lower production costs by using technology.
MrG|Points 3954|

User: What is the effect of import restrictions on prices? a. They cause prices to drop. b. They cause prices to rise. c. They often cause prices to rise steeply and then drop. d. They usually do not have any lasting effect on price.

Weegy: Sir/Madam the answer is letter "B. They cause prices to rise."
beboythewizkid|Points 2048|

User: In which category do subsidies, excise taxes, and regulation belong? a. effects of rising costs b. limitations on imports c. government’s influence on supply d. benefits of marginal costs

Weegy: In which category do subsidies, excise taxes, and regulation belong government's influence on supply.
jeifunk|Points 9732|

User: Which of the following will shift the supply curve to the right? a. reduction in the number of sellers c. an increase in technology b. an increase in the price of the product d. a decrease in the number of customers for the product

Weegy: d. a decrease in the number of customers for the product would shift the supply curve to the right (
Expert answered|jenid706|Points 133|

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Asked 5/21/2013 7:41:25 PM
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Questions asked by the same visitor
A baker calculates that by spending $16 on labor and materials, she can bake 10 cakes a day. $24 will allow her to bake 12 cakes, while $36 spent on labor and materials produces 14 cakes. In terms of capital and labor, the baker has A. increasing marginal returns. B. constant marginal returns. C. decreasing marginal returns. D. negative marginal returns.
Weegy: The answer to your question is C. If she could bake 10 cakes for $16 you would expect her to bake double the amount for double the price. However, she can only bake 14 cakes for 4 extra dollars. [ You can see the definition of decreasing marginal returns (also known as diminishing returns) here: ] User: Which is an example of a monthly fixed cost for a sandwich shop? a. rent c. workers' wages b. electric bill d. meat and cheese for sandwiches Weegy: The answer is letter A. Rent. Rent is a fixed cost it is any cost that stays the same every month. (More)
Question
Expert Answered
Asked 5/21/2013 7:38:58 PM
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When buyers will purchase exactly as much as sellers are willing to sell, what is the condition that has been reached? a. supply and demand c. equilibrium b. excess demand d. price floor
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Not Answered
Updated 5/21/2013 9:08:50 PM
1 Answer/Comment
When buyers will purchase exactly as much as sellers are willing to sell, (C) Equilibrium is the condition that has been reached.
Added 5/21/2013 9:08:52 PM
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