This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The Razor-Thin Disposable Razor Company is a perfectly competitive firm producing where MR= MC. The ... (Read 108 times)

corkyiscool3328

  • Hero Member
  • *****
  • Posts: 539
on: Apr 19, 2019

Question 1

Marginal revenue equals marginal cost at an output of 15 units. At this output, marginal revenue equals $30, average variable cost equals $20, and average total cost equals $25. In the short run, a profit-maximizing firm will earn a profit of


◦ -$75.
◦ $0.
◦ $75.
◦ $150.

Question 2

The Razor-Thin Disposable Razor Company is a perfectly competitive firm producing where 
MR = 
MC. The current market price of a disposable razor is $3.00. The firm sells 1,800 disposable razors. Its 
AVC is $4.00 and its 
AFC is $1.50. What should Razor-Thin do?


◦ Continue to produce because price exceeds 
AFC.
◦ Shut down and produce zero razors because price is less than 
AVC.
◦ Decrease production so that 
AVC will decrease.
◦ Increase production so that 
AFC will decrease.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by corkyiscool3328 on Apr 19, 2019

ambernicolefink

  • Sr. Member
  • ****
  • Posts: 359
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.
Answer Preview
Only 29% of students answer this correctly


corkyiscool3328

  • Member
  • Posts: 539
Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Structure and function of the thick and thin filaments. Structure and function of the thick and thin filaments.
Non-competitive inhibition Non-competitive inhibition
A typical hacksaw that is used to cut metal. If cutting sheet metal or thin objects, then use a ... A typical hacksaw that is used to cut metal. If cutting sheet metal or thin objects, then use a ...
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
Societal pressure to be thin can cause people to feel fat Societal pressure to be thin can cause people to feel fat
Helgeson Company has identified the following items for possible inclusion when taking a ... Helgeson Company has identified the following items for possible inclusion when taking a ...
Video: Introduction to Tuberculosis

For a complete list of videos, visit our video library