Which of the following statements is true a. A firm should increase quantity as long as price is greater than marginal cost. b. A firm should increase quantity as long as marginal revenue is greater than marginal cost c. A firm should increase quantity as long as average cost is greater than price d. A firm should increase quantity as long as price is higher than average cost, regardless of the marginal cost
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following statements is true a. A firm should increase quantity as long as price is greater than marginal cost. b. A firm ...” 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
Recently, Suzette has been missing a lot of work. She often calls in right as her shift is starting with some excuse why she can't make it to work. Sometimes she just doesn't show up, and she doesn't call to explain.
Answers (1)
Heidi quit her job as a chef making $40,000 per year to start her own restaurant. The first year, Heidi's restaurant earned $100,000 in revenue. Heidi pays $50,000 per year in wages to the waitresses and hostess and $20,000 per year to buy food.
Answers (1)
The two basic reasons why economists often appear to give conflicting advice to policymakers are differences in
Answers (1)
This past year inflation in Snowdonia has increased to 150%. As an economic analyst, you are charged with identifying those sectors of the population worst affected by this inflation event.
Answers (1)
A business produces 10 pairs of eyeglasses. it incurs $30 in average variable cost and $35 in average total cost. the total fixed cost of producing 10 pairs of eyeglasses is:
Answers (1)
New Questions in Business
Of all the steps needed for setting up a child care facility, the step that must come first is A. determining licensing requirements. B. developing a business plan. C. assessing child care needs. D. stating program goals.
Answers (1)
Pharaoh Furniture factors $740000 of receivables to Concord Factors, Inc. Concord Factors assesses a 2% service charge on the amount of receivables sold. Pharoah Furniture factors its receivables regularly with Concord Factors.
Answers (2)
When Slick Heating Company switched to an activity based costing system, it realized that it was allocating a much lower percentage of factory overhead to a product line that the marketing department was trying to push.
Answers (1)
Most organizations in the United States are A. multicultural organizations B. plural organizations C. monolithic organizations D. both A and B E. both B and C
Answers (2)
With respect to delaying revenue recognition until completion of a long-term contract, it is the case that: Multiple Choice A) Estimated losses on the overall contract are recognized before the contract is completed.
Answers (1)