Suppose a perfectly competitive firm is producing 37 units output, and the marginal cost of the 37th unit is $3. If the firm can sell each unit of output for $5 and the firm's revenue is sufficient to cover its variable cost, the firm should:.
A. lower its price.
B. decrease production.
C. increase production.
D. raise its price.
Answers: 2
Another question on Business
Business, 22.06.2019 13:30
1. is the act of declaring a drivers license void and terminated when it is determined that the license was issued through error or fraud.
Answers: 2
Business, 22.06.2019 16:40
Determine the hrm’s role in the performance management process and explain how to ensure the process aligns with the organization’s strategic plan.
Answers: 1
Business, 23.06.2019 02:40
The mayflower, a seafood restaurant, had the following liabilities by the end of 2015: accounts payable $60,000 wages payable $100,000 unearned revenue $125,000 (60% will be earned in 2016) notes payable $140,000 ($45,000 payable in 2016) what is the amount that the mayflower should report as total current liability on its balance sheet as of december 31, 2015?
Answers: 2
Business, 23.06.2019 02:50
Three years ago, stock tek purchased some five-year macrs property for $82,600. today, it is selling this property for $31,500. how much tax will the company owe on this sale if the tax rate is 34 percent? the macrs allowance percentages are as follows, commencing with year 1: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent.
Answers: 1
You know the right answer?
Suppose a perfectly competitive firm is producing 37 units output, and the marginal cost of the 37th...
Questions
World Languages, 23.06.2019 20:50
Mathematics, 23.06.2019 20:50
History, 23.06.2019 20:50
History, 23.06.2019 20:50
Mathematics, 23.06.2019 20:50
Mathematics, 23.06.2019 20:50
Biology, 23.06.2019 20:50
Mathematics, 23.06.2019 20:50
