Scenario 13-2 Assume a Certain Firm Is Producing Q = 1,000 Units

question 445

Multiple Choice

Scenario 13-2
Assume a certain firm is producing Q = 1,000 units of output.At Q = 1,000,the firm's marginal cost equals $20 and its average total cost equals $25.The firm sells its output for $30 per unit.
-Refer to Scenario 13-2.To maximize its profit,the firm should

• A) increase its output.
• B) continue to produce 1,000 units.
• C) decrease its output but continue to produce.
• D) shut down.

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Definitions:

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