When a perfectly competitive firm finds that its market price is below its minimum average variable cost, it will sell A) the output where marginal revenue equals marginal cost. B) the output whop average total cost equals price. C) any positive output the entrepreneur decides upon because all of it can be sold. D) nothing at all; the firm shuts down.

Question

ianbowen2045 ianbowen2045

25-04-2019
Business

contestada

When a perfectly competitive firm finds that its market price is below its minimum average variable cost, it will sell A) the output where marginal revenue equals marginal cost. B) the output whop average total cost equals price. C) any positive output the entrepreneur decides upon because all of it can be sold. D) nothing at all; the firm shuts down.

Respuesta :

Otras preguntas

In the diagram of circle O, chords `bar(AC)` and `bar(BD)` are perpendicular to each other. If m`/_COD` = 95° what is m`/_AOB`?

Un tren de 150 m de largo lleva una velocidad de 32 m/s y.atraviesa completamente un túnel en 50 segundo : cual es la longitud del túnel

Which of the following is a description of the data with a correlation coefficient of 0.8? a. no correlation b. perfect positive correlation c. high positiv

what is pre colonial African societies

An airline claims that the proportion of no-shows for passengers who booked on its flights is less than 0.06. In a random sample of 380 reservations, 19 were no

the first three terms in the binomial expansion of (a+b)^n in ascending powers of b, are p,q and r respectively. show that q^2/pr = 2n/n-1given that p=4, q=32,

PLEASE HELP!!!!!!! I WILL DO BRAINLIESTThe angles that share the same tangent value as tan(45°) have terminal sides in quadrant : II III IV (none of the quadran

Read the passage: Aesop was born into slavery, and is shown in some sculptures and paintings with physical deformities. It is also mentioned that when he was y

suppose P(A) = 0.9, P(B) = 0.3, and P(B|A) = 0.2. What is P(A|B) ?

If there is no room for you to enter at the other side of an intersection, you should: A. Enter the intersection and wait behind the line of traffic B. Turn rat

MrsTriplet MrsTriplet · Answer 1 · 2019-04-29T15:45:41+02:00

Answer: When a perfectly competitive firm finds that its market price is below its minimum average variable cost, it will sell D. nothing at all; the firm shuts down.

Explanation: A perfectly competitive firm does not exist because it a theoretical market structure where all firms sell the same product, they are price takers, the market has no influence on price and there is full freedom. If the market price is below what it will cost to produce the products, the firms will stop producing their products and shut down.