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Author Question: A firm in a perfectly competitive industry produces its profit-maximizing quantity, 40 units. ... (Read 106 times)

JMatthes

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on: Apr 19, 2019

Question 1

The profit-maximizing level for all firms in ________ is the output level where 
MC = 
MR.


◦ only perfectly competitive industries
◦ only monopoly industries
◦ only large industries
◦ any industry

Question 2

A firm in a perfectly competitive industry produces its profit-maximizing quantity, 40 units. Industry price is $3, total fixed costs are $45, and total variable costs are $60. The firm's economic profit is


◦ $15.
◦ $30.
◦ $35.
◦ $60.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by JMatthes on Apr 19, 2019

choc0chan

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Reply #1 on: Apr 19, 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.
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JMatthes

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Reply #2 on: Apr 19, 2019
Thank you!


choc0chan

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Reply #3 on: Apr 19, 2019
Always glad to help...


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