4 years ago

If a competitive firm can increase its profits by increasing its output, then the firm's:

1 answer:

3 0

If the firm can increase its profit by increasing its output then the firm is not producing at where the marginal cost is equal to the marginal revenue. A profit-maximizing firm in a competitive market will produce its output at the point in which MC=MR.

You might be interested in

Suppose a perfectly competitive firm and industry are in long-run equilibrium and the firm earns an economic profit in the short

AVprozaik [17]

Answer:

The answer is the market supply curve will shift to the right, and the market price will decrease.

Explanation:

It is likely to the market supply curve will shift to the right, and the market price will decrease.

5 0

3 years ago

Your small remodeling business has two work vehicles. One is a small passenger car used for job site visits and for other genera

andrew11 [14]

Answer:

Explanation:

<u>First - if we upgrade the Car</u> :

Current cost of fuel in car - 12000/25*2.65 = 1272$

after upgrading the car , cost of fuel in car - 12000/40*2.65 = 795$

Net saving in fuel cost - 1272-795 = 477$

<u>Second - if we upgrade the Truck </u>:

Current cost of fuel in truck - 12000/10*2.65 = 3180$

after upgrading the truck , cost of fuel in truck - 12000/12.5*2.65 = 2544$

Net saving in fuel cost - 3180-2544 = 636 $

So, we should upgrade the truck, because it will give more saving in fuel cost.

ANNUAL FUEL SAVINGS IN GALLONS:

CAR - 477/2.65 = 180 GALLONS

TRUCK - 636/2.65 = 240 GALLONS

4 0

4 years ago

The us economy is a free enterprise system. True? Or False

Gnesinka [82]

Answer: true. Trust me u took the test

5 0

4 years ago

The credit portion of the adjustment for the depletion of a coal mine was credited to the Coal Mine account. This error would ca

alex41 [277]

its not b. the periods net income to be understated

7 0

3 years ago

Consider an investment opportunity set formed with two securities that are perfectly negatively correlated. The global minimum-v

Marta_Voda [28]

Answer:

equal 0.

Explanation:

If both stocks are perfectly negatively correlated, then the standard deviation will always be 0. For example, if the variance of stock A is -0.5, then the variance of stock B will be 0.5, so the standard deviation will be 0. The variance of each stock will cancel the variance of the other one.

5 0

4 years ago