Shama Is Producing Candles in a Perfectly Competitive Market

question 257

Multiple Choice

Shama is producing candles in a perfectly competitive market.When she produces 500 candles,her total cost is $250.If she produces one additional candle,her total cost increases to $260.In order to maximize her profit,she should produce the additional candle

• A) if the market price for a candle is $12.
• B) only if the market price exceeds $260 for a candle.
• C) only if the market price exceeds $250 for a candle.
• D) if the market price for a candle exceeds $0.50.
• E) if her price exceeds her average total cost.

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Definitions:

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about various aspects of life, often accompanied by physical symptoms such as restlessness or tension.

Obsessive-Compulsive Disorder

A mental disorder characterized by persistent, unwanted thoughts (obsessions) and repetitive, ritualistic behaviors (compulsions) that the individual feels compelled to perform.

Panic Attack

Sudden onset of intense panic in which multiple physical symptoms of stress occur, often with feelings that one is dying.

Phobic Disorder

A type of anxiety disorder characterized by an excessive and irrational fear response to a specific object, situation, or activity.