A competitive firm operating in the short run is maximizing profits and just breaking even. Its costs include a monthly license fee of $100 that is imposed by the state and must be paid for as long as the firm is in existence. The license fee is now raised to $150. To continue to maximize profits in the short run, the firm should: Question 2 options: a) increase output. b) increase price. c) not change output. d) reduce output.
Answers: 2
Another question on Business
Business, 22.06.2019 03:30
Used cars usually have options: higher depreciation rate than new cars lower financing costs than new cars lower insurance premiums than new cars lower maintenance costs than new cars
Answers: 1
Business, 23.06.2019 00:30
Industrial engineers who specialize in ergonomics are concerned with designing workspace and devices operated by workers so as to achieve high productivity and comfort. a paper published in this research area reports on a study of preferred height for an experimental keyboard with large forearm-wrist support. a sample of 31 trained typists resulted in an average preferred height of 80.0 cm
Answers: 1
Business, 23.06.2019 03:20
Bathlinks corporation has a debt to assets ratio of 73%. this tells the user of bathlinks’s financial statements that a. bathlinks is getting a 27% return on its assets. b. there is a risk that bathlinks cannot pay its debts as they come due. c. 73% of the assets are financed by the stockholders. d. based on this measure, the user should not invest in bathlinks.
Answers: 3
You know the right answer?
A competitive firm operating in the short run is maximizing profits and just breaking even. Its cost...
Questions
Spanish, 24.10.2019 01:10
Mathematics, 24.10.2019 01:10
Chemistry, 24.10.2019 01:10
Biology, 24.10.2019 01:10
Social Studies, 24.10.2019 01:10
Mathematics, 24.10.2019 01:10
Mathematics, 24.10.2019 01:10
Biology, 24.10.2019 01:10
Mathematics, 24.10.2019 01:10
English, 24.10.2019 01:10
Mathematics, 24.10.2019 01:10
History, 24.10.2019 01:10
Mathematics, 24.10.2019 01:10
English, 24.10.2019 01:10
