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Author Question: Assume Robbie's Robots operates in a perfectly competitive market producing 3,000 robots per day. At ... (Read 111 times)

EY67

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  • Posts: 531
on: Apr 19, 2019

Question 1

Profit-maximizing firms want to maximize the difference between


◦ total revenue and marginal cost.
◦ total revenue and total cost.
◦ marginal revenue and marginal cost.
◦ marginal revenue and average cost.

Question 2

Assume Robbie's Robots operates in a perfectly competitive market producing 3,000 robots per day. At this output level, the selling price is $800 per robot and the marginal cost is $625 per robot. It follows that producing one more robot will cause this firm's


◦ total cost to decrease.
◦ profits to increase.
◦ profits to decrease.
◦ profits to remain unchanged.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by EY67 on Apr 19, 2019

bookworm410

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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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EY67

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

softEldritch

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Reply 3 on: Yesterday
:D TYSM

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