Assume Robbie's Robots Operates in a Perfectly Competitive Market Producing

question 383

Multiple Choice

Assume Robbie's Robots operates in a perfectly competitive market producing 3,000 robots per day. At this output level, the selling price is $800 per robot and the marginal cost is $625 per robot. It follows that producing one more robot will cause this firm's

• A) total cost to decrease.
• B) profits to increase.
• C) profits to decrease.
• D) profits to remain unchanged.

---

Definitions:

Organization Analysis

A process for determining the appropriateness of training by evaluating the characteristics of the organization.

Organization Analysis

The process of reviewing the development, work environment, personnel, and operation of a business or another type of association to identify areas of improvement.

Management's Support

The assistance and backing provided by a company's leadership towards employees or initiatives, promoting a positive and enabling environment.

Research Hypotheses

Proposed explanations made on the basis of limited evidence as starting points for further investigation into the relationships between variables.