If Dell Computer finds that its marginal cost exceeds its marginal revenue on a model of laptop, then to maximize profit, it will
A) increase output if it is a price searcher, but this may not be proper if it is a price taker.
B) increase output if it is a price taker, but this may not be proper if it is a price searcher.
C) decrease output, regardless of whether it is a price taker or a price searcher.
D) increase output, regardless of whether it is a price taker or a price searcher.
Correct Answer:
Verified
Q62: A profit-maximizing price searcher will expand output
Q186: Which of the following is characteristic of
Q187: If a price-searcher firm can sell nine
Q188: If a firm in a competitive price-searcher
Q189: If marginal cost exceeds marginal revenue, a
Q190: When a firm is a price searcher,
Q192: Which of the following is true for
Q193: Which of the following must be true
Q194: If a firm in a competitive price-searcher
Q195: In a competitive price-searcher market, the marginal
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