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Author Question: The Razor-Thin Disposable Razor Company is a perfectly competitive firm producing where MR= MC. The ... (Read 152 times)

corkyiscool3328

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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
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Marked as best answer by corkyiscool3328 on Apr 19, 2019

ambernicolefink

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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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corkyiscool3328

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

bdobbins

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Reply 3 on: Yesterday
Wow, this really help

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