If the level of productivity increases,then:
A) The marginal cost curve shifts upward.
B) Market price increases.
C) The marginal cost curve shifts downward.
D) The firm will supply less output.
Correct Answer:
Verified
Q48: Profit per unit equals:
A) Price minus average
Q49: Marginal costs:
A) Are the additional costs incurred
Q50: The law of diminishing returns helps to
Q51: If marginal cost equals price,then _ is
Q52: A profit-maximizing competitive firm wants to _
Q54: The goal of most business firms is
Q55: A rightward shift in market supply curve
Q56: If price equals ATC and equals MC
Q57: The ability and willingness to sell specific
Q58: Total profit is equal to:
A) The difference
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