The goal of the perfectly competitive firm is to
A) maximize total revenue.
B) maximize total profits.
C) minimize AFC.
D) minimize ATC.
Answer: B
You might also like to view...
Federal Reserve governors are given long terms to insulate them from politics
a. True b. False Indicate whether the statement is true or false
The table below shows the marginal benefit and marginal cost of purchasing an additional unit of 3 different public goods. Marginal benefitMarginal costTotal spending on the public goodPublic good 1$20$20$1,500Public good 2$15$25$800Public good 3$10$5$700 The government is spending more than is socially optimal on:
A. public good 1. B. public good 1 and public good 2. C. public good 3. D. public good 2.
If Y = $100 billion, then C = $50 billion, and I = $60 billion. What will autonomous investment be when Y = $200 billion and C = $100 billion?
A. $50 billion B. $60 billion C. $100 billion D. $120 billion
Which of the following was NOT part of the New Deal?
A. Social Security B. The federal minimum wage C. Unemployment insurance D. Medicare