Business
Business, 31.07.2019 08:50, LukeneedhelpInMath

"a competitive firm is currently producing a quantity of output at which marginal revenue exceeds marginal cost. in order to increase its profit, the firm should"

answer
Answers: 1
Show answers

Similar questions

Предмет
Business, 31.07.2019 08:50, cpcoolestkid4
Amonopolistically competitive firm is producing at an output level where marginal revenue is greater than marginal cost. this firm should quantity and price to increase profit or reduce losses.
Answers: 1
continue
Предмет
Business, 16.09.2019 20:00, usagimiller
If a competitive firm is currently producing a level of output at which marginal cost exceeds marginal revenue, then a. the firm is earning a positive profit. b. average revenue exceeds marginal cost. c. decreasing output would increase the firm's profit. d. all of the above are correct.
Answers: 1
continue
Предмет
Business, 17.09.2019 22:30, angie1129
Suppose your firm has a marginal revenue given by the equation mr = 10 - q, where q is the quantity produced and sold. this means that the seventh unit of output brings in 10 - 7 = $ 3 of additional revenue. the marginal cost for your firm is given by the equation mc = 2 + q. this means that the seventh unit of output increases the marginal cost by 2 + 7 = $ 9. if the firm produces the seventh unit of output, marginal cost will be marginal revenue. in which of the following cases, will the profit of the firm be maximized? (a) when the marginal cost of producing an additional unit equals the marginal revenue from that unit. (b) when the average cost of producing an additional unit equals the marginal revenue from that unit. (c) when the marginal cost of producing an additional unit is less than the marginal revenue from that unit. (d) when the average cost of producing an additional unit is less than the marginal revenue from that unit. the profit-maximizing level of output is units.
Answers: 2
continue
Предмет
Business, 27.09.2019 01:20, nicktroutt27
Which of the following statements is (are) true? i. a firm with market power maximizes profit by producing so that p = mc or mr = mc. ii. if marginal revenue exceeds marginal cost, the firm should expand output to increase profits. iii. if a firm has no costs of production, it should continue producing until marginal revenue falls to zero.
Answers: 2
continue
Do you know the correct answer?
"a competitive firm is currently producing a quantity of output at which marginal revenue exceeds ma...

Questions in other subjects:

Konu
English, 26.07.2019 11:50
Read the passage from a vindication of the rights of woman. . rousseau became enamoured of solitude, and, being at the same time an optimist, he labours with uncommon eloquence t...
Konu
Biology, 26.07.2019 11:50
If i turn my computer off at least once a week, it will run faster. what is the independent variable? what is the dependent variable? what are some controlled variables?...
Konu
Mathematics, 26.07.2019 11:50
Asporting goods store sells 3 fishing reels and 5 fishing rods for $309. later, they sell 6 fishing reels and 2 fishing rods for $282 find the price of each item...
Konu
Computers and Technology, 26.07.2019 11:50
Sally needs to teach her class how to convert a decimal number to a binary number. what is the first step she should take to start the process...
Konu
Mathematics, 26.07.2019 11:50
Aeuropean car manufacturer reports that the fuel efficiency o f the new microcar is 28.5 km/l highway and 22.0 km/l city. what are the equivalent fuel efficiency rates in miles per...
Konu
Mathematics, 26.07.2019 11:50
Use the fact that the length of an arc intercepted by an angle is proportional to the radius to find the area of the sector given r = 4 cm and θ = π 3 ....
Konu
Biology, 26.07.2019 12:00
Some strains of bacterium streptococcus pyogenes secrete poisonous substances called exotoxins. the genes encoding the exotoxins are thought to have originated in bacteriophages, w...
Konu
History, 26.07.2019 12:00
The people's republic of china has a form of government answer. com...
Konu
History, 26.07.2019 12:00
Which describes the holocaust? question 1 options: the murder of millions of european jews during wwii. the destruction of all european government during wwii. the russian polic...
Konu
Biology, 26.07.2019 12:00
The primary determinant of basal metabolic rate (bmr) is the primary determinant of basal metabolic rate (bmr) is total daily calorie expenditure body mass index (bmi) lean body...
Other tasks in the category: Business More task
See results (0)