If the marginal cost of producing a television is constant at $200, then a firm should produce this item
A) as long as the marginal benefit it receives is just equal to or greater than $200.
B) only if the marginal benefit it receives is greater than $200 plus an acceptable profit margin.
C) as long as its marginal cost does not rise.
D) until the marginal benefit it receives reaches zero.
A
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When banks borrow money from the Federal Reserve, these funds are called
A) federal funds. B) discount loans. C) federal loans. D) Treasury funds.
If a country grows at an average rate of 3.5 percent per year, we can estimate it will double its:
A. growth rate in 70 years. B. real GDP per capita in 70 years. C. real GDP per capita in 20 years. D. growth rate in 20 years.
Susan won $2,000 at the blackjack tables on her birthday. Her winnings are an example of
a. permanent income. b. life-cycle income. c. transitory income. d. an in-kind transfer.