Solved

A Consultant Has Advised Consolidated Fish,Inc

Question 1

Multiple Choice

A consultant has advised Consolidated Fish,Inc. ,a perfectly competitive firm,that it should cut back its production in order to increase its profits.We can conclude from this that


A) CF's total costs must be greater than its total revenues.
B) CF's marginal cost must be greater than the price of its product.
C) fixed costs are not being covered and CF should shut down.
D) CF's costs are increasing at a rate less than its revenues.

Correct Answer:

verifed

Verified

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