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Title: Assume that price is greater than average variable cost. If a perfectly competitive seller is produc Post by: Tidy on Jun 21, 2015 Assume that price is greater than average variable cost. If a perfectly competitive seller is producing at an output where price is $11 and the marginal cost is $14.54, then to maximize profits the firm should
A) continue producing at the current output. B) produce a larger level of output. C) produce a smaller level of output. D) There is not enough information given to answer the question. Title: Re: Assume that price is greater than average variable cost. If a perfectly competitive seller is pr Post by: Smoooth on Jul 26, 2015 Content hidden
Title: Re: Assume that price is greater than average variable cost. If a perfectly competitive seller is produc Post by: Smoooth on Aug 31, 2015 No problemo :-]
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