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Home Q & A Board Other Fields Homework Help Business Economics
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Tidy Tidy
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9 years ago
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.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 362 times
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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SmooothSmoooth
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#1
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8 years ago
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#2
8 years ago
No problemo Happy Dummy
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