Solved

The Table Given Below Shows the Price of Each Unit

Question 29

Multiple Choice

The table given below shows the price of each unit of the product manufactured by a firm and the marginal cost of producing different units of the output.
Table: 9.1
The table given below shows the price of each unit of the product manufactured by a firm and the marginal cost of producing different units of the output. Table: 9.1    - Refer to Table 9.1.If the market price of the good falls to $0.80 per unit,the firm:  A) should decrease its output to Seven units. B) should decrease its output to seven units. C) should increase its output to ten units. D) should produce nine units. E) should keep its output level unchanged.
- Refer to Table 9.1.If the market price of the good falls to $0.80 per unit,the firm:


A) should decrease its output to Seven units.
B) should decrease its output to seven units.
C) should increase its output to ten units.
D) should produce nine units.
E) should keep its output level unchanged.

Correct Answer:

verifed

Verified

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

Related Questions

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