Answer: Produce less.
Explanation:
Given that,
Price = $65
Marginal revenue = $35
Average total cost = $35
Marginal cost = $50
From the information given, it was observed that marginal revenue is not equal to marginal cost. The profit maximizing condition for a monopolist is at a point where marginal revenue is equal to the marginal cost.
But here marginal cost is greater than the marginal revenue. So, the monopoly firm should produce less output in order to reduce the marginal cost.
A mining company<span> is a part of what </span>industry<span>? </span>Extractive<span>. Baby boomers are an example of what type of trend ? Demographic. How are </span>business<span> entrepreneurs and social</span>
Answer:This cooperative management effort is known as: <u><em>Unified Command</em></u>
Unified Command is known as an authority composition under which duty of incident commander is shared by individuals(two or more), they have control in a various state office.
In this particular case the command post is shared by you and the battalion chief .
Answer:
C) the market price falls below $170 per unit.
Explanation:
If this firm is a price taker, it means that it is operating in a perfect competition market. In such markets, since the entry and exit barriers are very low or nonexistent, if the equilibrium price falls below the variable cost, the firms should halt production in the short run until the equilibrium price rises again. The firm should resume production only after the equilibrium price exceeds the variable costs.
This situation is only applicable on the short run. On the long run the firm should only produce if the equilibrium price is greater or equal to its marginal cost.