At an output of 156,MC = $17,ATC =$17,and MR = $18.At that output the firm is
A) maximizing its profits,but not operating at peak efficiency.
B) maximizing its profits and operating at peak efficiency.
C) operating at peak efficiency,but not maximizing its profits.
D) neither operating at peak efficiency nor maximizing its profits.
Correct Answer:
Verified
Q201: At an output of 22,ATC is $7
Q202: Under perfect competition
A)economic profits are greater than
Q203: Under perfect competition
A)no firm has any influence
Q204: At an output of 17,ATC is $20
Q205: When starting dot.com businesses,such as Amazon.com,many of
Q207: Perfectly competitive firms
A)are only found occasionally.
B)have horizontal
Q208: In perfectly competitive markets,economic profits
A)send a signal
Q209: Which of the following statements is true?
A)Perfect
Q210: Under perfect competition
A)accounting profits are always zero
Q211: Marginal revenue at the profit-maximizing/loss-minimizing amount is
A)$4.
B)$12.
C)$14.
D)$20.
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