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OverLord2011 [107]
3 years ago
13

"If the market price is​ $20, then to maximize profits this firm should produce" A. two units of output. B. zero units of output

. C. an output level of about four. D. one unit of output.
Business
1 answer:
klio [65]3 years ago
4 0

Answer: C. an output level of about four.

Explanation: In order to maximize profit, the firm should produce where its marginal revenue and marginal cost are equal. The firm's marginal cost of production is $20 for each unit. When the firm produces 4 units, its marginal revenue is $20. Thus, the firm should produce 4 units of output.

To find it, divide the total cost (TC) by the quantity the firm is producing (Q). Average cost (AC) or average total cost (ATC): the per-unit cost of output.

Output producer prices are the basic prices received by the producer exclusive of taxes on products, separately invoiced transport charges, and retail and wholesale margins.

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a. Jake, Kim, or Lou.

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In this case the perfect tender rule

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3 years ago
In order for private bargaining to result in the efficient outcome,A) an injunction must be requestedB) property rights must be
lianna [129]

Answer:

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Answer:see attached file

Explanation:

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