Refer to the diagrams. If $4 is Firm B's profit-maximizing price, its:
A. ATC must be $4.
B. MC must be $4.
C. MR must be $4.
D. MC must be zero.
D. MC must be zero.
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Which of the following statements about the United States was true as of 2007?
A) It was the world's largest exporter. B) It had the world's largest deficit in its current account. C) It had the world's largest surplus in its current account. D) None of the above are true.
The theory of liquidity preference assumes that the nominal supply of money is determined by the
a. level of real output only. b. interest rate only. c. level of real output and by the interest rate. d. Federal Reserve.
What are accountants primarily interested in?
a. the taxes due on capital assets of firms b. the stock of assets of firms c. the flow of money into and out of firms d. the marginal costs of production of firms
Which of the following is not a reason workers in American industry are more productive than those in many other countries? because of
A. The large supplies of machinery available B. Abundant natural resources C. Technical know-how D. American exceptionalism