Suppose an entrepreneur commits to a production schedule but overestimates the market price for her products. Which situation is not possible?
A) Price equals average total cost.
B) Losses are greater than if she shut down.
C) Total profit is positive.
D) Average variable cost is greater than marginal cost.
E) Total profit is zero.

Question

Quizplus · Accepted Answer

The Answer of Suppose an entrepreneur commits to a production schedule but overestimates the market price for her products. Which situation is not possible?
A) Price equals average total cost.
B) Losses are greater than if she shut down.
C) Total profit is positive.
D) Average variable cost is greater than marginal cost.
E) Total profit is zero.

Suppose an Entrepreneur Commits to a Production Schedule but Overestimates