Refer to the data provided in Table 9.4 below to answer the question(s) that follow.
Table 9.4qTFCTVCTCMCAVCATC0$100 $0$100 ---- -- 11004014040 40 140 21006016020 30 80 31009019030 30 63.334100124 224 343156 5100180 280 56 36 56 6100 264 364 84 44 60.677100 372 472 108 53.14 67.42Refer to Table 9.4. At a market price of $56, if the firm produces where MR = MC, then it would produce ________ units of output and earn an economic profit of ________.
A. 5; $0
B. either 4 or 5; $0
C. 0; -$100
D. 4; $0
Answer: A
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The smaller the amount of short-term money invested in a country, the greater the potential for a crisis if investors lose confidence in the country
a. True b. False Indicate whether the statement is true or false
When a firm does more of something, it gets better at it. This learning-by-doing is:
A. called the principle of natural progression. B. a source of diseconomies of scale. C. a source of economies of scale. D. called "spreading the overhead."
Investment decisions are made on the basis of the relationship of price to
A. Long-run fixed cost. B. Short-run marginal cost. C. Short-run average total cost. D. Long-run average total cost.
Aggregate supply is
A. the stock of all goods in the economy. B. the sum of all planned production in the economy. C. the summation of all product supply curves. D. the horizontal summation of all supply curves for services.