Fast Ink wants to prevent Jet Ink from entering the ink market. If Fast Ink expands its capacity, the expansion can lead to all of the following except which one?
A) decrease Fast Ink's profit-maximizing quantity
B) increase Fast Ink's profit-maximizing quantity
C) decrease Fast Ink's marginal cost
D) decrease Fast Ink's profit-maximizing price
A) decrease Fast Ink's profit-maximizing quantity
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Refer to Figure 4.1. The dominant strategy for Alvin is
A) Top B) Bottom C) both Top and Bottom D) Alvin does not have a dominant strategy.
Suppose that you and two friends have an opportunity to purchase a pizza restaurant. Each of you would put up $75,000 . The revenue from the restaurant is expected to remain $200,000 per year for the next several years
The costs (not including the opportunity costs of your investment) of operating the restaurant are expected to remain steady at $185,000 for the next several years. The current market rate of interest is 7 percent per year. Should you go in on this deal? Explain.
Little Percy lives in two periods. His earnings in the present are 150; in the future he will earn 10% more than today. The interest rate is 5 percent. If his consumption today is 160, what is the most he can consume in the future?
What will be an ideal response?
A firm's _______ contains all combinations of inputs and outputs that the firm can achieve using efficient production methods.
A. production possibilities set B. efficient production frontier C. production function D. production possibilities curve