A2chJaybsluvsciemh A2chJaybsluvsciemh
  • 23-01-2017
  • Social Studies
contestada

True or false? the perfectly competitive firm should always produce the output level for which price equals marginal cost. explain your reasoning

Respuesta :

andriansp andriansp
  • 03-02-2017
Yes i think that statement true.

In the perfectly competitive firm, there is no distinction that may cause a customer to choose one seller over another.
Under that condition, eventually the sellers will have to control the output level to be equal with marginal cost. If they produce less, they won't maximize their profit, if they produce more they will have inventory surplus.
Answer Link

Otras preguntas

When atoms combine, the force of attraction that holds them together is a(
Humans have used rocks in the creation of tools and building materials.
Samantha bought 4.5 pounds of pears. Each pound cost $1.68. How much did Samantha spend? Plz explain
can a small child play with a fat child on a see saw? explain how?
You had 13 of your allowance left on Monday. On Tuesday, you spent 13 of that amount of money. On Wednesday, you spent 13 of what you spent on Tuesday. What fra
what is 0.973 as a fraction if 3 is repeating itself
16 is 8 times as many as 2
What are some side effects for eating disorder? How can you tell if somebody has it?
The longest subdivision in geologic time is a(n) ____. a. epoch c. century b. period d. eon
Is the verb in the sentence in the active voice or the passive voice? The dog dug a hole in the yard to bury its bone. a. active voice b. passive voice