Marginal returns and negative marginal returns, Managerial Accounting

1) What is the difference between decreasing marginal returns and negative marginal returns?  

2.) "A firm in monopolistic competition maximizes its profit by producing where its price is equal to its marginal cost." Is this statement correct or incorrect?  Explain.

Posted Date: 3/14/2013 1:14:39 AM | Location : United States

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