This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a perfectly competitive seller is maximizing profit and is making zero economic profit, which of ... (Read 100 times)

sc00by25

  • Hero Member
  • *****
  • Posts: 596
on: May 24, 2019
If a perfectly competitive seller is maximizing profit and is making zero economic profit, which of the following will this seller do?
◦ go to work in the next-best earning opportunity
◦ shut down, with a loss equal to total fixed cost
◦ continue at the current output, making zero economic profit
◦ increase production in order to make an economic profit
◦ remain open but decrease production in order to make an economic profit
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by sc00by25 on May 24, 2019

lucas dlamini

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


sc00by25

  • Member
  • Posts: 596
Reply 2 on: May 24, 2019
Thanks for the timely response, appreciate it

jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Some uses of recombinant DNA technology for making improved vaccines Some uses of recombinant DNA technology for making improved vaccines
Economic activity as viewed by environment and ecological economists Economic activity as viewed by environment and ecological economists
Competitive firms and maximization Competitive firms and maximization
economic question economic question
economic question (having trouble) economic question (having trouble)
Economic practice question Economic practice question
Video: Cellular Respiration & Glucose Mobilization (Glucose transport & Phosphorylation of Glucose)

For a complete list of videos, visit our video library