Question 1
Assume Robbie's Robots operates in a perfectly competitive market producing 3,000 robots per day. At this output level, the selling price is $800 per robot and the marginal cost is $800 per robot. To maximize profits, Robbie's Robots should
◦ make no adjustments as they are already maximizing their profits.
◦ increase their output.
◦ decrease their output.
◦ stop producing since it is earning a loss.
Question 2
Refer to the information provided in Table 8.7 below to answer the following question(s).
Refer to Table 8.7. Assume that fruit baskets are sold in a perfectly competitive market. The market price of a fruit basket is $22. To maximize profits, Exotic Fruit should sell ________ fruit baskets and their profit is ________.
◦ three; $5
◦ four; $7
◦ five; $14
◦ six; $14
Question continued
The periodic table of the elements
Remainder Question
Refer to (d) in the figure above. This rectifier arrangement
economic question
12 question help need please some questions see photos attached