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Home Q & A Board Other Fields Homework Help Business Economics
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sinerus sinerus
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6 years ago
Suppose that your firm's marginal cost of producing a pencil is 5 cents and the average cost of producing a pencil is 7 cents. If your firm is interested in minimizing average total costs, what should your firm do?
A) Decrease production.
B) Increase production.
C) Maintain production at the current level.
D) Look for ways to increase fixed costs.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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6 years ago
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sinerus Author
wrote...

6 years ago
Correct Slight Smile TY
kobbhy
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
dri
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2 hours ago
Smart ... Thanks!
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