|
Title: A perfectly competitive firm is earning an economic profit when total fixed costs increase. Assuming Post by: Loraine on Jun 21, 2015 A perfectly competitive firm is earning an economic profit when total fixed costs increase. Assuming the firm does not shut down, in the short run the firm will
A) charge a higher price. B) produce more output so the extra revenue will cover the increased costs. C) produce less output to decrease total costs. D) continue producing the same quantity as before but will make less economic profit. E) continue producing the same quantity as before and continue making the same economic profit as before. Title: Re: A perfectly competitive firm is earning an economic profit when total fixed costs increase. Assu Post by: Smoooth on Jul 28, 2015 Content hidden
Title: Re: A perfectly competitive firm is earning an economic profit when total fixed costs increase. Assuming Post by: Smoooth on Aug 31, 2015 Don't mention it :-]
|