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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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9 years ago
Excess capacity exists when a firm produces
A) more than the profit-maximizing level of output.
B) less than the quantity that minimizes average total cost.
C) less than the quantity that minimizes marginal cost.
D) more than the quantity that minimizes marginal cost.
E) None of the above answers is correct.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 263 times
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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9 years ago
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Loraine Author
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9 years ago
Thanks for your help!!
vernonb
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Yesterday
this is exactly what I needed
smdavis
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2 hours ago
Good timing, thanks!
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