Ask Question
8 December, 05:00

ue or False: If Dmitri's Fire Engines were a competitive firm instead and $75,000 were the market price for an engine, decreasing its price from $75,000 to $50,000 would result in a decrease in the production quantity, but an increase in total revenue.

+3
Answers (1)
  1. 8 December, 07:31
    0
    False.

    Explanation:

    If Dmitri's Fire Engines were competitive firm instead of $100,000 were the market price for an engine, decreasing its price from $100,000 to $50,000 would result in a decrease in production quantity, but increase in total revenue. The statement is false.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “ue or False: If Dmitri's Fire Engines were a competitive firm instead and $75,000 were the market price for an engine, decreasing its price ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers