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Author Question: Kevin's Golf-a-Rama sells golf balls in a perfectly competitive market. At its current level of golf ... (Read 753 times)

rayancarla1

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Kevin's Golf-a-Rama sells golf balls in a perfectly competitive market. At its current level of golf ball production, Kevin has marginal costs equal to $1, and AVC is rising. If the market price of golf balls is $2, Kevin should:
◦ continue producing the current level of production.
◦ increase the production of golf balls.
◦ shut down and produce no golf balls.
◦ decrease the level of golf ball production.


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Marked as best answer by rayancarla1 on Jul 20, 2019

heyhey123

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rayancarla1

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Reply 2 on: Jul 20, 2019
YES! Correct, THANKS for helping me on my review


nothere

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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