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Author Question: A perfectly competitive firm in a constant-cost industry produces 1,000 units of a good at a total ... (Read 360 times)

Pineappleeh

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on: Oct 8, 2019

A perfectly competitive firm in a constant-cost industry produces 1,000 units of a good at a total cost of $50,000. The prevailing market price is $48. Assuming that this firm continues to produce in the long run, what happens to output level in the long run?


◦

The firm's output increases.


◦

The firm produces the same output level.


◦

The firm's output falls.


◦

There is insufficient information to answer the question.

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Marked as best answer by Pineappleeh on Oct 8, 2019

nmyers

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Reply #1 on: Oct 8, 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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Pineappleeh

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Reply #2 on: Oct 8, 2019
Excellent


nmyers

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Reply #3 on: Oct 8, 2019
Great! Please up vote :D


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