The Ajax Manufacturing Company Is Selling in a Purely Competitive

question 106

Multiple Choice

The Ajax Manufacturing Company is selling in a purely competitive market. Its output is 100 units, which sell at $4 each. At this level of output, total cost is $600, total fixed cost is $100, and marginal cost is $4. The firm should

• A) reduce output to about 80 units.
• B) expand its production.
• C) continue to produce 100 units.
• D) produce zero units of output.

Elucidate the balance between individual rights and government powers as outlined in constitutional amendments.

Describe the role and implications of advisory memorandums and courts' authority in interpreting laws.

Comprehend the concept of legal dualities and the interpretation of laws.

Understand the creation and enforceability of digital information laws and cyber-contracts.

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