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:

Instill Medications

The process of slowly administering drugs directly into a body cavity or the bloodstream.

Catheter

A flexible tube inserted into the body for removing fluids or delivering medication.

Daily Urine Output

The total volume of urine excreted by an individual in a 24-hour period, an important indicator of kidney and overall health.

Lab Value

A quantitative result derived from a laboratory test, providing information about a patient's health status or condition.