If a perfectly competitive firm is producing at the output level where marginal revenue is equal to marginal cost and at this output level, the firm's average variable cost is $3 and the market price is $2, the firm ________.
A) is earning a competitive return
B) should decrease production
C) should shut-down
D) should increase production
C) should shut-down
You might also like to view...
A cultural relativist would view contemporary Nacirema culture as __________
A) materialistic, aggressive, and without much worth B) just as interesting and worthy of study as any other C) more ethical than most others D) adaptively superior to any other
The plesiadapiforms:
A. to some paleoanthropologists represent a very early representative of the primate order B. were small arboreal quadrupeds C. lacked many characteristics of later primates, such as a grasping big toe D. all of these
Postindustrial societies face many changes in the division of labor by gender. With which system are they most commonly associated today?
a. dual sex configuration b. segregated pattern c. flexible/integrated pattern d. rebounding pattern
How is culture adaptive and maladaptive?
What will be an ideal response?