Ask Question
16 February, 23:03

at a perfectly competitive firm's current output level, average total cost is $15, average variable cost is $10, and marginal cost is $8 and increasing. if the product price is $15, what should this firm do to maximize profits?

+4
Answers (1)
  1. 16 February, 23:14
    0
    The correct answer is

    The firm should increase the quantity of output produced.

    good luck
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “at a perfectly competitive firm's current output level, average total cost is $15, average variable cost is $10, and marginal cost is $8 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers