Suppose that for a monopolist, MR = MC = $10 and P = $15 at the profit-maximizing level of output. At this level of output, the firm
a. is earning a profit
b. will shut down if AVC > $15
c. is making $5 profit on each unit sold
d. will shut down if ATC > $15
e. is losing $5 per unit produced
B
Economics
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A) 1998-2000. B) 2005. C) 1967-1969. D) 1982-1984. E) 1993-1995.
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On the Solow Diagram, an increase in population growth is shown by ________
A) an upward shift of the depreciation plus capital dilution line B) an upward shift of the investment function C) an upward shift of the per-worker production function D) a downward shift of the investment function
Economics