Costs that deter firms from changing prices in response to demand changes are known as

Explain monetary policy goals and discuss any goal conflicts in the long run and the short run

What will be an ideal response?

In order to maximize profits, a firm that can sell all it wants without affecting price should produce

a. where average variable costs are minimized. b. where marginal cost is equal to average variable costs. c. where marginal cost is equal to price. d. where marginal cost is a minimum.