In the above figure, if the price is 10, a profit-maximizing ...

[geodog55]

In the above figure, if the price is 10, a profit-maximizing perfectly competitive firm will
 
  A) produce 40 units.
  B) produce 25 units.
  C) produce 10 units.
  D) choose not to produce.

Question 2

The equilibrium price will rise and the equilibrium quantity might increase, decrease, or stay the same when the
 
  A) demand and the supply of a good both increase.
  B) demand for a good increases and the supply of it decreases.
  C) demand for a good decreases and the supply of it increases.
  D) demand and the supply of a good both decrease.

[JCABRERA33]

Answer to Question 1

C

Answer to Question 2

B

[geodog55]

Thanks for the timely response, appreciate it

[helenmarkerine]

YES! Correct, THANKS for helping me on my review