【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】 When marginal profit equals zero. the firm cannot exercise price discrimination. the firm can increase profits by decreasing out put. the firm can increase profits by increasing out put. profit is maximized.
【題目】 When marginal profit equals zero. the firm can increase profits by increasing out put. the firm cannot exercise price discrimination. profit is maximized. ----答案 the firm can increase profits by decreasing out put.
(a) the firm cannot exercise price discrimination. (b) profit is maximized. (c) the firm can increase profits by increasing output. (d) the firm can increase profits by decreasing output. (e) marginal revenue equals average revenue.