Suppose Atlas Publishing, a perfectly competitive firm, currently produces 2,000 maps per day at a total cost of $1,600 . At its current level of output, Atlas is producing where the marginal revenue curve intersects a rising marginal-cost curve. Which of the following can be concluded about Atlas Publishing?
a. It is maximizing profit.
b. It should produce more to maximize profit.
c. It is incurring losses.
d. It should produce less to maximize profit.
e. It should produce more to break-even.
a
Economics
You might also like to view...
In order to safeguard the proper functioning of our monetary system, in 1913 Congress created the
a. Treasury Department b. FDIC c. National Bank Act d. future funds rate e. Federal Reserve System
Economics
Refer to the data. Assuming total fixed costs equal to zero, the firm's:
A. economic profit is $12.
B. economic profit is $16.
C. loss is $14.
D. economic profit is $3.
Economics