Homework Answers
Here, option C is correct that is marginal profits is zero.
Because, A firm produces where it earns maximum total profits and total profits are maximum where The difference between total revenues and total cost is maximum.
Now, marginal profit zero is situation after which the firm can't increase its profit further more.
So, option C.
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Afirm sets its output where O marginal revenue is zero. O opportunity cost is zero. O...
A firm sets its output where O marginal revenue minus marginal cost is greater than zero....
A firm sets its output where O marginal revenue minus marginal cost is greater than zero. O marginal revenue minus marginal cost is less than zero. O marginal revenue minus marginal cost equals zero. O marginal revenue plus marginal cost equals zero.
To maximize profits, a firm should set its output where its is zero. O marginal cost...
To maximize profits, a firm should set its output where its is zero. O marginal cost O variable cost O marginal profit O marginal revenue
A profit-maximizing monopolist will continue expanding output as long as: o marginal revenue exceeds marginal cost....
A profit-maximizing monopolist will continue expanding output as long as: o marginal revenue exceeds marginal cost. o marginal revenue is positive. o the cost of producing an additional unit exceeds the marginal revenue derived from the unit. o economic profit is more than zero.
If a perfectly competitive firm's marginal revenue is greater than its marginal cost, the firm O...
If a perfectly competitive firm's marginal revenue is greater than its marginal cost, the firm O A. must be making an economic profit O B. will increase its output to increase economic profit. O c. will decrease its output to increase economic profit. OD. cannot increase its economic profit O E. will lower the price.
Monopolies supply a level of output where their marginal cost equals their marginal revenue. If a...
Monopolies supply a level of output where their marginal cost equals their marginal revenue. If a pandemic somehow increases their cost of production (including marginal costs), what will happen to their level of output, profit level, and deadweight loss to society? Word limit is 50-150 words.
H) Why is the level of output where marginal revenue equals marginal cost called as the...
H) Why is the level of output where marginal revenue equals marginal cost called as the profit-maximizing output? prove it in a logical way would be greatly appreciated if it is answered in 5sentences by your own
profit maximization occurs where a. marginal cost crosses marginal revenue b. marginal cost crosses average revenue...
profit maximization occurs where a. marginal cost crosses marginal revenue b. marginal cost crosses average revenue c. average variable cost crosses average revenue d. average variable cost crosses marginal revenue the main difference between the short run and long run is that: a. firms earn zero profits in the long run b. the long run always refers to a time period of one year or longer c. in the long run, only one variable can be fixed d. in the...
At its current output level, a firm’s marginal revenue exceeds its marginal cost and its price...
At its current output level, a firm’s marginal revenue exceeds its marginal cost and its price is less than its average cost. Therefore, it should: A. Increase output until MR = 0 B. Increase its price C. Decrease output until MR = MC D. Shutdown Immediately E. Increase output until MR = MC
Question 11 1 pts If the Profit Rate on Output is declining with more output while the Marginal Product is constant...
Question 11 1 pts If the Profit Rate on Output is declining with more output while the Marginal Product is constant with more output, then maximum profit is reached where: Marginal Profit is equal to zero Profit Rate on Output is equal to zero O Marginal Revenue is equal to zero O Marginal Product is equal to zero
19. A monopolist maximizes profit A] where marginal revenue equals marginal cost B] where average revenue...
19. A monopolist maximizes profit A] where marginal revenue equals marginal cost B] where average revenue equals average cost [C] where price equals marginal cost [D] by charging the highest possible price on the demand curve.
A firm sets its output where O marginal revenue minus marginal cost is greater than zero. O marginal revenue minus marginal cost is less than zero. O marginal revenue minus marginal cost equals zero. O marginal revenue plus marginal cost equals zero.
To maximize profits, a firm should set its output where its is zero. O marginal cost O variable cost O marginal profit O marginal revenue
A profit-maximizing monopolist will continue expanding output as long as: o marginal revenue exceeds marginal cost. o marginal revenue is positive. o the cost of producing an additional unit exceeds the marginal revenue derived from the unit. o economic profit is more than zero.
If a perfectly competitive firm's marginal revenue is greater than its marginal cost, the firm O A. must be making an economic profit O B. will increase its output to increase economic profit. O c. will decrease its output to increase economic profit. OD. cannot increase its economic profit O E. will lower the price.
Question 11 1 pts If the Profit Rate on Output is declining with more output while the Marginal Product is constant with more output, then maximum profit is reached where: Marginal Profit is equal to zero Profit Rate on Output is equal to zero O Marginal Revenue is equal to zero O Marginal Product is equal to zero
19. A monopolist maximizes profit A] where marginal revenue equals marginal cost B] where average revenue equals average cost [C] where price equals marginal cost [D] by charging the highest possible price on the demand curve.
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