If MFC > MRPL, the firm should
A) hire more workers.
B) lower wages.
C) get rid of some capital.
D) reduce the number of workers.
D
Economics
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Dee's TV Repair is the only TV repair shop in a small town. Dee is a single-price monopolist
Based on the demand and cost information in the table above, what is the amount of economic profit made or loss incurred at the quantity of TV repairs that profits are maximized or losses minimized? A) -$400 B) $800 C) -$100 D) $200
Economics
Economies of scale can be caused by all of the following except:
a. price discounts for large scale purchases. b. labor specialization. c. use of more productive equipment. d. increases in the firm's average total cost. e. more cost-efficient methods of marketing.
Economics