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Ans is C
total Profit is maximised when marginal profit is zero
marginal profit is the addition in total profit due to an additional unit produced
which means sum of marginal profit=Total profit
Thus when marginal profit=0, total profit is maximised
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Question 11 1 pts If the Profit Rate on Output is declining with more output while...
1 pts Question 11 If the Profit Rate on Output is declining with more output while...
1 pts Question 11 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: Profit Rate on Output is equal to zero Marginal Product is equal to zero Marginal Revenue is equal to zero Marginal Profit is equal to zero Previous Next
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
if the profit rate on output is declining with more output while the marginal product is...
if the profit rate on output is declining with more output while the marginal product is constant with more output, then the maximum profit is reached when Profit rate on output is equal to zero Marginal revenue is equal to zero Marginal Product is equal to zero Marginal Profit is equal to zero
decrease its rate of output to offset the higher variable co QUESTION 28 When demand is...
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$3,100.75. $3,675.00. Question 10 1 pts Suppose a firm in a competitive market produces and sells...
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· Question 7 In the break-even analysis, a lower average variable cost (AVC): Will result in a higher break-even output Will result in a lower break-even output Will result in either...
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Question 11 Economic profit equals total revenue minus total costs including explicit fixed costs, explicit variable...
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Question 31 2.5 pts 31. A firm in a perfectly competitive industry has total revenue of...
Question 31 2.5 pts 31. A firm in a perfectly competitive industry has total revenue of $200,000 per year when producing 1,000 units of output per year. In this case its average revenue is $200 and its marginal revenue is __ zero. also $200 less than $200. O greater than $200 Question 32 2.5 pts 32. In a perfectly competitive industry, the market price of the product is $12.Firm A is producing the output at which average total cost equals...
Question 46 2p Which of the following is true of the profit, earned by a monopolist?...
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please answer asapp This Question: 1 pt 1 of 48 (1 complete) This Test: 48 pts...
please answer asapp
This Question: 1 pt 1 of 48 (1 complete) This Test: 48 pts p Because it faces a downward sloping demand curve, a monopolist is a price taker O A True B False Profit maximazation for a monopolist and a perfect competitor occurs where marginal revenue equals marginal cost. At this profit-maximizing output, the monopolist will charge a price competitor will charge a price marginal revenue marginal revenue and a perfect O A equal to greater than...
1 pts Question 11 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: Profit Rate on Output is equal to zero Marginal Product is equal to zero Marginal Revenue is equal to zero Marginal Profit is equal to zero Previous Next
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
decrease its rate of output to offset the higher variable co QUESTION 28 When demand is perfectly elastic, marginal revenue is O equal to price. O declining. o increasing. o zero. QUESTION 29
$3,100.75. $3,675.00. Question 10 1 pts Suppose a firm in a competitive market produces and sells 8 units of output and has a marginal revenue of $8. What would be the firm's marginal revenue if it instead produced and sold 4 units of output? $2 $8 $32 $64 Question 11 1 pts Suppose that some firms in a competitive industry are earning zero economic profits, while others are experiencing losses. All else equal, in the long run, we would expect...
Question 11 Economic profit equals total revenue minus total costs including explicit fixed costs, explicit variable costs, implicit fixed costs, and implicit variable costs. True False Question 12 4 pt If Economic profit equals zero, then the firm should shut down in the short run and go out of business in the long run. True e False The period of time long enough to allow a firm to vary all of its inputs, to adopt new technology, and to increase...
Question 31 2.5 pts 31. A firm in a perfectly competitive industry has total revenue of $200,000 per year when producing 1,000 units of output per year. In this case its average revenue is $200 and its marginal revenue is __ zero. also $200 less than $200. O greater than $200 Question 32 2.5 pts 32. In a perfectly competitive industry, the market price of the product is $12.Firm A is producing the output at which average total cost equals...
Question 46 2p Which of the following is true of the profit, earned by a monopolist? Profit is maximized along the inelastic portion of the demand curve. Normal profit is ensured where price is equal to average total cost. Normal profit is ensured where marginal cost exceeds average revenue. Economic profit is made where average variable cost equals marginal revenue. Profit is maximized where marginal revenue exceeds marginal cost. Question 47 2 pts A non-price discriminating monopolist's demand curve: is...
please answer asapp
This Question: 1 pt 1 of 48 (1 complete) This Test: 48 pts p Because it faces a downward sloping demand curve, a monopolist is a price taker O A True B False Profit maximazation for a monopolist and a perfect competitor occurs where marginal revenue equals marginal cost. At this profit-maximizing output, the monopolist will charge a price competitor will charge a price marginal revenue marginal revenue and a perfect O A equal to greater than...
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