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sinerus sinerus
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7 years ago
Suppose your firm is operating in a perfectly competitive market, and that the minimum average variable cost of producing your good is $13. If the price of the good is $15, your firm should
A) not consider price when determining the amount to sell.
B) not produce anything since the price is above the minimum of average variable cost.
C) supply the amount of the good where the marginal cost of production is equal to $15.
D) not do any of the above.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Lightman030Lightman030
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7 years ago
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sinerus Author
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7 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Tim0301
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This calls for a celebration Person Raising Both Hands in Celebration
Fanmkreyol
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Helped a lot
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