Recent Posts • Latest Topics • Unanswered Questions

Suppose that in a perfectly competitive industry, the market price of the product is $6. A firm is ...

johnboycs

wrote...

Go to Answer

Posts: 132

Rep:

A year ago

Suppose that in a perfectly competitive industry, the market price of the product is $6. A firm is ...

Suppose that in a perfectly competitive industry, the market price of the product is $6. A firm is producing the output level at which average total cost equals marginal cost, both of which are $8. Average variable cost is $4. To maximize its profits in the short run, the firm should

▸ expand its output.

▸ reduce its output.

▸ shut down.

▸ leave its output unchanged.

▸ There is insufficient information to know.

Textbook

Microeconomics

Edition: 17^th

Author: Ragan

Read 40 times

1 Reply

Report

Replies

Answer verified by a subject expert

stanka82

wrote...

Posts: 163

Rep:

A year ago

More solutions for this book are available here

Report

Related Topics

johnboycs Author

wrote...

A year ago

this is exactly what I needed

AlahuKakpar

wrote...

Yesterday

Thanks

Transonic

wrote...

2 hours ago

I appreciate what you did here, answered it right Smiling Face with Open Mouth

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

522 People Browsing

117 Signed Up Today

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

357

132

324

Your Opinion

Previous poll results: How often do you eat-out per week?

The Toxic Skin and Fungi Defense

Bonobos, Chimpanzees, and the 98% DNA Link

Strange Ingredients Lurking in Doritos Chips

It's sore throat season, why does my mucus have red spots?

Courses by Biology Forums

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.