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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 $30. If the price of the good is $32, your firm should
A) not produce anything since the price is above the minimum of average variable cost.
B) supply the amount of the good where the marginal cost of production is equal to $32.
C) not consider price when determining the amount to sell.
D) supply the amount of the good where the marginal cost of production is $30.
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
Hellish Lover
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Just got PERFECT on my quiz
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Thanks
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