The Ajax Manufacturing Company Is Selling in a Purely Competitive

question 40

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.

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Definitions:

REM Sleep

A unique phase of sleep in mammals and birds, characterized by rapid eye movement, low muscle tone, and vivid dreams.

Delta Waves

Slow brain waves associated with deep sleep and unconsciousness.

Dreaming

A series of thoughts, images, and sensations occurring in a person's mind during sleep.

REM Sleep

A phase of sleep characterized by rapid eye movement, increased brain activity, vivid dreams, and temporary muscle paralysis.