A firm in perfectly competitive industry is maximizing profit at Q = 3, 000.Then its fixed cost increases.The profit-maximizing output is now
A) greater than 3, 000 and profit decreases
B) less than 3, 000 and profit decreases
C) greater than 3, 000 and profit is unchanged
D) equal to 3, 000 and profit decreases
E) equal to 3, 000 and profit increases
Correct Answer:
Verified
Q97: Exhibit 8-9 Q98: If a perfectly competitive firm's marginal revenue Q99: Exhibit 8-7 Q100: Exhibit 8-9 Q101: A firm with positive accounting profit may Q103: Exhibit 8-11 Q104: Exhibit 8-11 Q105: Average revenue minus average total cost equals Q106: Exhibit 8-11 Q107: Which of the following is true at Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)total
