Refer to the table below. If Sweet Grams is a perfectly competitive firm and the market price $1.25 per unit, what is the profit-maximizing total quantity for Sweet Grams to produce?
Sweet Grams makes graham cracker snack packages. Sweet Grams is a multi-plant firm with two production facilities. The above table summarizes the total marginal cost of production at various output levels in the separate plants. Assume Sweet Grams is a perfectly competitive firm.
A) 27,000
B) 30,100
C) 57,100
D) 68,000
C) 57,100
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Real GDP per person equals average labor productivity:
A. times one minus the unemployment rate. B. times the share of population employed. C. times the labor force participation rate. D. minus the share of population employed.
Which of the following statements is true of unemployment? a. Cyclical unemployment decreases during recessions and increases during expansions
b. Some unemployment exists even when the economy is healthy and growing. c. Unemployment and inflation are not related. d. People who are willing and able to work but have given up the search for a job are considered unemployed. e. Voluntary unemployment refers to a situation in which people who really do not want to work only pretend to look for jobs.
A decrease in the price of memberships to Gold's Gym fitness centers is likely to:
A. decrease the demand for workout clothing. B. increase the demand for workout clothing. C. decrease the demand for Gold's Gym memberships. D. increase the demand for Gold's Gym memberships.
Other things being equal, the quantity theory of money suggests that any increase in the money supply
A. causes a reduction in the demand for money. B. causes the aggregate level of nominal Gross Domestic Product (GDP) to fall. C. results in a proportionate increase in the price level. D. results in a decrease in the aggregate price level.