« previous next »

Author Question: Assume a perfectly competitive firm sells its output for 150 per unit. It currently produces 6,000 ... (Read 54 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
on: Jun 30, 2018
Assume a perfectly competitive firm sells its output for 150 per unit. It currently produces 6,000 units of output, at which output level it minimizes its average variable cost at 152 per unit. Assuming it wants to maximize its profits, it should:
 a. increase output.
 b. decrease output, but not shut down.
  c. maintain its current output rate.
 d. shut down.

Question 2

The income tax structure in the United States is regressive in nature.
 a. True
  b. False
  Indicate whether the statement is true or false


meganlapinski

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

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?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

How to evaluate angles using cosine, special triangles, the unit circle (Part 2) How to evaluate angles using cosine, special triangles, the unit circle (Part 2)
Possible Sources of Differences in Output per Worker Possible Sources of Differences in Output per Worker
50-Unit Insulin Syringe 50-Unit Insulin Syringe
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ... Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ...
Video: Molecules, Membrane Permeability and Structure

For a complete list of videos, visit our video library