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 130 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

okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

This graphic illustrates the original systems model of politics advanced by David Easton. Politics This graphic illustrates the original systems model of politics advanced by David Easton. Politics
The Making of Black Harlem The Making of Black Harlem
Making Low-Fat Choices Making Low-Fat Choices
economic question economic question
economic question economic question
economic question economic question
Video: Random alignment at Metaphase I Animation

For a complete list of videos, visit our video library