A firm that is producing the quantity at which marginal cost exceeds both average total cost and
Question:
A firm that is producing the quantity at which marginal cost exceeds both average total cost and the market price will increase its economic profit by _______.
A. Producing a larger quantity
B. Raising the price to equal marginal cost
C. Producing a smaller quantity
D. Producing the quantity that minimizes average total cost
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 45% (11 reviews)
C The market price equals the fir...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A firm that is financed completely with equity currently has a cost of capital equal to 15 percent. If Modigliani and Millers Proposition 1 holds and the firms management is thinking about changing...
-
A firm that is first to market with a new product frequently discovers that there are design flaws or problems with the product that were not anticipated. For example, the ballpoint pens made by the...
-
A firm that is marketing multimillion-dollar wastewater treatment systems to cities has been unable to sell a new type of system. This setback has occurred even though the firms systems are cheaper...
-
Case 2: First Year on the Job Joe finally received that job offer in the mail. He worked part-time for First Cirrus Bank during the spring semester and the work experience had paid off. Beginning on...
-
What are the sources of the agency costs of equity?
-
A corporation that manufactures field rifles for the Department of Defense operates a production line that turns out finished firing pins. To monitor the process, an inspector randomly selects five...
-
An automobile would be classified as what type of product? a. Convenience b. Shopping c. Specialty d. Unsought
-
Bracy Company acquired a new piece of construction equipment on January 1, 2011, at a cost of $100,000. The equipment was expected to have a useful life of 10 years and a residual value of $20,000...
-
Program for find distance between two Coordinate points of (x1,y1), (x2,y2)?
-
The figure shows a sector of a circle with central angle θ. Let A (θ) be the area of the segment between the chord PR and the arc PR. Let B (θ) is the area of the triangle PQR. Find...
-
Explain why in a perfectly competitive market, the firm is a price taker. Why cant the firm choose the price at which it sells its good?
-
Read Eye on Record Stores and explain why Amazon entered the market for recorded music and why independent record stores exited.
-
Draw Lewis structures for the following simple organic molecules: (a) CH 3 CBr 2 CH 2 CH 3 ; (b) HOCH(CH 3 )CH 2 CH 3 ; (c) CF 3 COOH; (d) CH 2 BrC(O)CH 2 CH 3 .
-
List and describe/discuss the five advantages of intermediate sanctions over traditional probation or incarceration.
-
If the trend towards authoritarianism continues and more democracies move towards the totalitarian side of the spectrum, how could that affect the international political system?
-
A trebuchet is a mighty siege engine capable of flinging 90-kg projectiles a distance of 300 meters. Assuming a perfect launch angle of 45, calculate the speed with which one of these projectiles...
-
Consider a market with 4 agents a,...,d and 4 houses 1,...,4. The preference orders of agents over the houses are given by a: 1>2>3>4 b:1>2>3>4 c:1>2>3>4 d:4>3>2>1 How many Pareto efficient...
-
Discuss the breath of responsibilities required of a radiographer. List the five main areas of responsibility in each specialty of radiologic technology. Discuss advantages to working in each of the...
-
Go to www.irs.gov/irb/(the IRS site containing Internal Revenue Bulletins). Locate the Definition of Terms section in a recent IRB. Differentiate between the following terms as used by the IRS in its...
-
Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing. $ 57.30 per unit $ 10.30 per unit $ 7.80 per...
-
Explain why the national debt does not measure the federal governments true indebtedness. How does the nations fiscal imbalance provide a more accurate account of governments debt? CBO expects higher...
-
If the government decided to slow the growth of debt by cutting transfer payments and raising taxes by the same amount, how would this fiscal policy influence the budget deficit and real GDP? CBO...
-
If the government decided to slow the growth of debt by cutting transfer payments and raising taxes by the same amount, how would this fiscal policy influence the budget deficit and real GDP? CBO...
-
What additional thoughts or insight did you gain during your reading from Educational Leadership: A Bridge to Improved Practice, Lincoln Speaks to Leaders, and Insights into Action texts? Please...
-
Landowners never have a duty to protect a trespasser because they are not legally on the property. How can you explain this statement give your opinion.
-
Recently the Legislative Council has changed the way Council minutes are prepared. Instead of noting what individual made a specific comment, the speaker is anonymized. A separate annex might...
Study smarter with the SolutionInn App