Solved

In Order for a Price Taker to Continue to Operate

Question 119

Multiple Choice

In order for a price taker to continue to operate and produce output,it must be the case that


A) it earns a profit.
B) total revenue is greater than or equal to the total cost of both the fixed and the variable factors of production.
C) total revenue is greater than or equal to the cost of the fixed factors of production.
D) total revenue is greater than or equal to the cost of the variable factors of production.
E) it avoids a loss.

Correct Answer:

verifed

Verified

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

Related Questions

Q114: -Refer to the</p></div><svg width=

Q115: -Refer to the</p></div><svg width=

Q116: -Refer to the</p></div><svg width=

Q117: -Refer to the</p></div><svg width=

Q118: -Refer to the</p></div><svg width=

Q120: When the marginal return to the variable

Q121: All supply decisions are based on which

Q122: -Refer to the</p></div><svg width=

Q123: Since _ rises as a price taker

Q124: -Refer to the</p></div><svg width=

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