Provide the proper response.At the current production level the marginal cost of a company is zero; there is a positive marginal profit at a slightly lower production level; and there is a negative marginal profit at a slightly higher production level. Should the production level be adjusted, and if so, in what direction?
A. It should be increased.
B. It should not be adjusted.
C. It should be decreased.
Answer: B
Mathematics
You might also like to view...
Provide an appropriate response.How much does a road with a 1% grade rise for each horizontal foot?
A. 0.008 ft B. 0.009 ft C. 0.011 ft D. 0.01 ft
Mathematics
Find the limit.
Mathematics
Solve the problem.In how many ways can a student work 7 out of 10 questions on an exam?
A. 120 B. 21 C. 720 D. 10,000,000
Mathematics
Solve the problem.Suppose the cost of producing x items is given by C(x) = 4000 - x3 and the revenue made on the sale of x items is R(x) = 400x - 10x2. Find the number of items which serves as a break-even point.
A. 10 items B. 25 items C. 5 items D. 100 items
Mathematics