If a company division is operated as a revenue center and its demand curve is P = 200 ? 2Q, how many units should it produce per day?
A. 0
B. 50
C. 25
D. 100
Answer: B
You might also like to view...
Define wealth, or net worth
What will be an ideal response?
Poverty is a mainstream event experienced by a majority of Americans
a. True b. False Indicate whether the statement is true or false
Which of the following examples would most likely be caused by a price ceiling?
a. fluctuating quantity of mid-rent apartments b. equilibrium quantity of low-income apartments c. shortages of low-income housing d. surpluses of mid-rent apartments
Exhibit 7-15 Long-run average cost
If the firm represented in Exhibit 7-15 is operating with a plant whose size corresponds to short-run average total cost curve A, the level of output that would minimize its short-run average total cost is:
A. 500 units per week. B. 1,000 units per week. C. 1,500 units per week. D. 2,000 units per week.