Suppose that a firm in a competitive market is currently maximizing its short run profit at an output of 50 units. If the current price is $9, the marginal cost of the 50th units is $9, and the average total cost of producing 50 units is $4, what is the firm's profit? a. $0
b. $450
c. $250
d. $200
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose that a firm in a competitive market is currently maximizing its short run profit at an output of 50 units. If the current price is ...” 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
You Might be Interested in
Daniel's Market is considering a project with an initial cost of $176,500. The project will not produce any cash flows for the first three years. Starting in Year 4, the project will produce cash inflows of $127,500 a year for three years.
Answers (1)
Oklahoma County issued a request for proposal (RFP) to paint all the offices in the buildings located in District 3. The RFP stipulated that only contractors that were licensed and bonded would be considered. This requirement is an example of A.
Answers (1)
Scenario 10 Two rival firms in duopoly (a market in which there are only two firms that compete) are considering spending on the Research and Development (R&D).
Answers (1)
Whose responsibility is it to develop a policy for anaphylaxis management in a specific school?
Answers (1)
Which of the following actions would improve your credit score? Which of the following actions would improve your credit score? a. Closing out old credit cards b. Paying off your credit card bill c. Using a large portion of your credit limit d.
Answers (1)
New Questions in Business
The following information was available to the accountant of Scarlet Co. when preparing the monthly bank reconciliation: Cash balance per bank statement $ 1,115 Cash balance per books (prior to reconciliation) 842 Outstanding check #643 642
Answers (1)
Your business plan is a
Answers (1)
Coupons and sales are frequently used marketing tactics for which form of competition?
Answers (1)
Which term best describes an opening at least 30 inches high and 18 inches wide in any wall or partition through which persons may fall? A. Floor opening B. Portable ladder C. Wall opening D. Fixed industrial stairs
Answers (1)
What should a supervisor do when employee behavior does not automatically produce feedback? train the employee to monitor his/her own behavior and provide self feedback modify the task so that feedback is automatic provide systematic observation
Answers (1)