At an output of 64, MC = $31, ATC = $31, and MR = $32. At that output the firm is
A. maximizing its profits, but not operating at peak efficiency.
B. maximizing its profits and operating at peak efficiency.
C. operating at peak efficiency, but not maximizing its profits.
D. neither operating at peak efficiency nor maximizing its profits.
C. operating at peak efficiency, but not maximizing its profits.
Economics
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When Microsoft put together a set of products with the Windows operating system, it was practicing
A) bundling. B) tie-in sales. C) versioning. D) compacting.
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Changes in technology over time will result in
A) a more inelastic supply curve. B) a more elastic supply curve. C) a unitary elastic supply curve. D) no change in the elasticity of supply.
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