On the below graph, if the oligopoly's MC curve shifts from MC1 to MC2, the firm will charge:
A. A higher price than before and total revenue will increase
B. The same price as before and sell more output; total revenue will increase
C. The same price as before and sell the same amount of output; total revenue will remain the same
D. A higher price than before and sell less output; it can't be determined whether total revenue will change
C. The same price as before and sell the same amount of output; total revenue will remain the same
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Which of the following is NOT considered to be a benefit of unionism?
A) increased featherbedding B) greater workplace safety C) higher workforce stability D) provision of arbitration and grievance procedures
With fixed costs of $200, a firm has average total costs of $5 and average variable costs of $3 . Its output is: a. 66.67 units
b. Need more information c. 100 units. d. 40 units.