Answer to Question #232996 in Microeconomics for shay

Question #232996

If MR > MC under perfect competition, profit

A. will increase by decreasing production.

B. will decrease by expanding production.

C. will increase by expanding production.

D. is maximised.

Expert's answer

A. will increase by decreasing production.

Learn more about our help with Assignments: Microeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. the syejumba economy is a very simple economy producing vigayo and gallons of maize. The table below
2. Beer costs R10 per bottle and cigarettes cost R40 per packet. Suppose Vongani buys 8 bottles of beer
3. Explain graphically how price effect is decomposed into income effect and substitution effect for
4. . Bhatbhateni Departmental Store fixes the following prices for commodities X and Y. The prices of
5. Shushma has a limited income to spend on orange and apple. Market price of orange (Po) is Rs.20 pe
6. The demand and supply function given as follow Qd= 100-10P and Qs= 10P A. Find equilibrium price an
7. Sean is buying salad and pizza for a company lunch. Suppose that a bowl of salad costs $5.00, and a