A firm will operate at that output at which MC = MR _______. a) only in the
Question:
A firm will operate at that output at which MC = MR _______.
a) only in the short run
b) only in the long run
c) in both the short run and the long run
d) in neither the short run nor the long run
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
The correct answer is c in both the short run and the long run Heres the breakdown MC Margin...View the full answer
Answered By
Vineet Kumar Yadav
I am a biotech engineer and cleared jee exam 2 times and also i am a math tutor. topper comunity , chegg India, vedantu doubt expert( solving doubt for iit jee student on the online doubt solving app in live chat with student)
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A firm will operate at that output at which MC =MR a) Only is the short run b) Only in the long run c) In both the short run and the long run d) In neither the short run nor the long run
-
A firm will operate at that output where MC equals MR ______. a) only when it is maximizing its profits b) only when it is minimizing its losses c) both when it is maximizing its profits and when it...
-
For economies of scale, a/an ____ average total cost. O a. decrease; lower O b. increase; higher O c. decrease; no change in O d. increase; lower in a firm's scale of production leads to
-
Midwest Inc. is a medium-size company that has been in business for 20 years. The industry has become very competitive in the last few years, and Midwest has decided that it must grow if it is going...
-
Refer to E4-8. Nickleby's Ski Store is completing the accounting process for its first year ended December 31, 2014. The transactions during 2014 have been journalized and posted. The following data...
-
A managers utility function for profit is U() = 20, where is the dollar amount of profit. The manager is considering a risky decision with the four possible profit outcomes shown here. The manager...
-
As discussed in Section 5.2, the lumped capacitance approximation may be applied if \(B_{i} <0.1\), and, when implemented in a conservative fashion for a long cylinder, the characteristic length is...
-
A bank managers responsibility was making loans. Auditors discovered that several loans he made over a five-year period had not been repaid. A fraud investigation revealed that the manager had been...
-
What are the Ethical Considerations for remuneration approaches? Do you agree with the excessive CEO compensation? Please provide an example and justify your answer. Define restricted stocks. Provide...
-
Statement 1: The firms short-run supply curve runs up the marginal cost curve from the shut-down point to the break-even point. Statement 2: The firm will not accept a price below the break-even...
-
If a firm is producing a level of output at which that outputs marginal cost is less than the price of the good, _______-. a) it is producing too much to maximize its profits b) it is probably...
-
Income statements for Yarrick Company for the years ending December 31, 2010,2009, and 2008 are shown below. Prepare a common-size income statement and analyze the profitability of thecompany....
-
Suppose that the rate of change of a quantity is given by the function f(x) = -3x+x. By what amount does the quantity change from x = 2 to x = 3?
-
From the following mutual fund quotation, complete the blanks: LU 21-3(1) Personal use only, do not reproduce. 2021-03-17 eveleenap@gmail.com TOTAL RETURN Inv. obj NAV NAV chg YTD 4 wks. 1 yr. EuGr...
-
Suppose CM Capital is negotiating a financing deal with a hot startup firm. If the negotiation is successful, which will be known in three months, the venture capitalist is going to commit...
-
Write log3 (81y) as a sum.
-
Be sure your stirring rod is washed and dried. Stir well. This is your starting citric acid solution. You will need to calculate the molarity of this citric acid solution and use that to standardize...
-
How does one go about controlling workers compensation costs, and why is that important?
-
Find the radius of convergence in two ways: (a) Directly by the CauchyHadamard formula in Sec. 15.2. (b) From a series of simpler terms by using Theorem 3 or Theorem 4.
-
1. A patent increases the incentive to develop new products because it ________ the price of the product and thus generates profit to cover a firms costs of _______. 2. In some cases, a patent is...
-
1. A patent increases the incentive to develop new products because it ________ the price of the product and thus generates profit to cover a firms costs of _______. 2. In some cases, a patent is...
-
1. A patent increases the incentive to develop new products because it ________ the price of the product and thus generates profit to cover a firms costs of _______. 2. In some cases, a patent is...
-
Paul has sued both Dina and Mary, alleging four tort causes of action; assault (against Dina); battery (also against Dina); negligent representation (against Mary, for telling Paul not to worry); and...
-
A maker of a certain brand of low-fat cereal bars claims that the averagesaturated fat content is 0.5 gram. In a random sample of 8 cereal bars ofthis brand, the saturated fat content was 0.6, 0.7,...
-
Antonio and Jesse enter into a deal for Antonio to buy Jesse's 4 bedroom home in LA for $1,000,000. They put their deal in writing though a purchase and sale agreement and have their brokerages run...
Study smarter with the SolutionInn App