A firm in perfectly competitive industry is maximizing profit at Q = 3,000 . Then its fixed cost increases. The profit-maximizing output is now

a. greater than 3,000 and profit decreases
b. less than 3,000 and profit decreases
c. greater than 3,000 and profit is unchanged
d. equal to 3,000 and profit decreases
e. equal to 3,000 and profit increases

D

Economics

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A) stocks B) bonds C) cash D) real estate E) none of the above

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The precautionary demand for money is the demand for money:

a. for normal transactions purposes. b. for normal investment purposes. c. for special stock purchases. d. to protect against inflation. e. to cover unexpected events.

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