Assume a Perfectly Competitive Firm Sells Its Output for $150

question 68

Multiple Choice

Assume a perfectly competitive firm sells its output for $150 per unit.At its current 2,000 units of output,marginal cost is $140 and increasing,and average variable cost is $143.Assuming it wants to maximize its profits,it should:

• A) increase output.
• B) decrease output, but not shut down.
• C) maintain its current output rate.
• D) shut down.

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Definitions:

EMDR

Eye Movement Desensitization and Reprocessing, a psychotherapy treatment designed to alleviate the distress associated with traumatic memories.

Meta-Analyses

A statistical technique that combines the results of multiple scientific studies to arrive at a comprehensive conclusion about a particular therapeutic intervention or phenomenon.

EMDR

Eye Movement Desensitization and Reprocessing is a psychotherapy treatment designed to alleviate the distress associated with traumatic memories, involving guided eye movements.

EMDR

Eye Movement Desensitization and Reprocessing, a psychotherapy technique used to help individuals recover from trauma and PTSD by processing distressing memories.