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rosijanka [135]
3 years ago
8

Alex's Furniture Mart produces and sells tables in a perfectly competitive market. When Alex's Furniture Mart produces and sells

250 tables, its marginal cost is equal to $200, and AVC is rising. If the market price of tables is equal to $150, Alex's Furniture Mart should:
a. raise the price of its tables
b. increase its level of table production
c. continue producing 250 tables
e. decrease its level of table production
Business
1 answer:
Tresset [83]3 years ago
6 0

Answer:

e. decrease its level of table production

Explanation:

MC = 200.

Market price = 150 which cannot be changed by any firm.

MC is greater than price = MR then in order to maximise profit MR has to be equal to marginal cost

MC has to be decreases to $150 which is possible only when it reduces output.

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Answer:

loss of $ 1,400,000.00

Explanation:

Amount of share : two million:

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selling price per share: $53.80

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Earning from spread: 0.5x2,000,000.00 =$1,000.000.00

Net earning: (2,400,000.00)+$1,000,000.00=($ 1,400,000.00)

loss of $ 1,400,000.00

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