Solved

For a Price Taker,if the Price of a Fixed Factor

Question 96

Multiple Choice

For a price taker,if the price of a fixed factor of production decreases,


A) the profit-maximizing level of output falls.
B) the profit of the firm becomes larger or its loss becomes smaller.
C) the profit-maximizing level of output rises.
D) marginal cost falls.
E) price falls.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q91: If a price taker spends $200 to

Q92: If the price of output for a

Q93: As the price increases,price takers find that

Q94: -Refer to the</p></div><svg width=

Q95: Because of the relationship between marginal cost

Q97: Suppose that a price taker collects total

Q98: -Refer to the</p></div><svg width=

Q99: Suppose that a price taker has a

Q100: -Refer to the</p></div><svg width=

Q101: If diminishing marginal returns are in effect,
A)

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents