Assume marginal costs are rising at all levels of output

Assignment Help Business Economics

Reference no: EM13997106

Assume marginal costs are rising at all levels of output. If profits are maximized by a firm, whether monopolistic or perfectly competitive,

A. output should be increased whenever marginal cost is below average total cost.

B. output should be increased whenever marginal revenue is less than marginal cost.

C. output should be increased whenever marginal revenue exceeds marginal cost.

D. the firm should produce at a level where marginal cost is equal to average total cost.

E. We have insufficient information to answer this question.

Reference no: EM13997106

Questions Cloud

What is the separation between two seats : A row of seats is parallel to a stage at a distance of 8.1 m from it. What is the separation between two seats, located near the center of the row, at which the tone cannot be heard?

Demand curves for fruity pebbles : Suppose A and B have the following (inverse) demand curves for fruity pebbles: P = 150 – 3QA P = 150 – 1.5QB. If they are the only two people in the fruity pebbles market, then the market demand is:

Forecasts play an important role in state and federal levels : You now should realize how important it is for economists to try and predict future conditions of the U.S. economy. Economists are also interested in the performance of the economy at a more local level. Discuss how local and national forecasts play ..

What does one speaker in the film mean by migration : What does one speaker in the film mean by migration is not the problem? Do most Mexican immigrants want to stay in the US? Describe how undocumented immigrants create a fantasy for those Mexicans planning to immigrate

Assume marginal costs are rising at all levels of output : Assume marginal costs are rising at all levels of output. If profits are maximized by a firm, whether monopolistic or perfectly competitive,

Short run supply curve for a perfectly competitive firm : Assume all fixed costs are sunk. The short run supply curve for a perfectly competitive firm is

Describe the purpose and use of views and stored procedures : Describe the purpose and use of views and stored procedures in the relational databases. Provide one example of a situation in which you would not use a view. Provide one example of when you would use a stored procedure. Once you complete your origin..

The annual income from an apartment complex : The annual income from an apartment complex is $23587. The annual expense is estimated to be $2208. The apartment complex could be sold for $115756 at the end of 10 years. If your MARR is 10%, how much should you pay for the apartment complex if you ..

Premiere products exercises : Complete the Premiere Products SQL Exercises in Chapter 3. You answers need to include the SQL commands and the results. A 2007 Access database for thesse exercisses can be found under Course Materials. Name your Answers Last Name SQL (i.e. Smith SQL..

User Account

All Pages