【題目】 A profit-maximizing firm in a competitive market is able to sell its product for $7. At its current level of output, the firm’s average total cost is $10. The firm’s marginal cost curve crosses its marginal revenue curve at an output level of 9 units. The firm experiences a loss of more than $2. loss of exactly $27. profit of exactly $27. profit of more than $27.
【題目】 A competitive firm will tend to expand its output so long as: Marginal revenues is greater than marginal cost. Marginal cost is less than average cost. Marginal revenues is greater than the average cost. Marginal revenues is positive.
標籤: firm