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

Author Question: If a perfectly competitive wheat farmer is maximizing its profit and then increases its output, the farmer's (Read 43 times)

folubunmi

  • Hero Member
  • *****
  • Posts: 524
on: May 24, 2019
If a perfectly competitive wheat farmer is maximizing its profit and then increases its output, the farmer's
◦ total revenue increases, but total cost rises by more so that the farmer's total profit decreases.
◦ total revenue decreases and total cost increases, both thereby decreasing the farmer's total profit.
◦ total revenue does not change but total cost increases, thereby decreasing the farmer's total profit.
◦ marginal revenue increases, but so does marginal cost, so that the farmer's total profit increases.
◦ total revenue and total cost both rise, but the effect on the farmer's total profit is uncertain.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by folubunmi on May 24, 2019

tsternbergh47

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: May 24, 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 56% of students answer this correctly


folubunmi

  • Member
  • Posts: 524
Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Wheat rust. Wheat rust.
The number of words correctly completed in the New York Times crossword puzzle increases with age ... The number of words correctly completed in the New York Times crossword puzzle increases with age ...
AC ripple at the output terminal of the battery is more accurate than testing at the battery due ... AC ripple at the output terminal of the battery is more accurate than testing at the battery due ...
Competitive drug enzyme immunoassay. Competitive drug enzyme immunoassay.
A farmer has 100 acres of land on which she plans to grow wheat and corn. Each acre of wheat ... A farmer has 100 acres of land on which she plans to grow wheat and corn. Each acre of wheat ...
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Mendel's pea plant, Pisum sativum experimental

For a complete list of videos, visit our video library