Business

Marlene

1 October, 06:08

Suppose that a firm in a competitive market is currently maximizing its short run profit at an output of 50 units. If the current price is $9, the marginal cost of the 50th units is $9, and the average total cost of producing 50 units is $4, what is the firm's profit? a. $0

b. $450

c. $250

d. $200

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “Suppose that a firm in a competitive market is currently maximizing its short run profit at an output of 50 units. If the current price is ...” 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

You Might be Interested in

Ryan wants to work in a factory as a machine operator. What is a basic requirement for this job? A. a doctorate degree B. on-the-job training C. an apprenticeship D. a master's degree

Use the following data to determine the total dollar amount of assets to be classified as current assets. Skysong, Inc.

Which bios setting indicates that the case is being removed from the computer?

Allied Paper Products, Inc., offers a restricted stock award plan to its vice presidents. On January 1, 2018, the company granted 13 million of its $1 par common shares, subject to forfeiture if employment is terminated within two years.

The funds from operations (FFO) for a REIT is roughly equal to: Group of answer choices: O NOI less interest deductions, excluding gains or losses from sales of property O Net income plus depreciation and amortization, excluding gains or losses from

New Questions in Business

Select all maintenance procedures that may be performed in an office. update software replace printer cartridges clean copy machines install virus-protection software print copies to be distributed at a meeting

Determine the effect of the listed transactions of Nikea Inc. on the accounting equation. Nikea Inc. provided advisory services to XYZ Inc. in May 2013. Nikea billed XYZ for $10,000 in the same month (May).

During the current year, Star County levied $3,000,000 in property taxes, 1.5% of which is expected to be uncollectible. During the year, the county collected $2,700,000 and wrote off $25,000 as uncollectible.

Opportunity Market Company (OMC) and Pierce enter into a contract for Pierce to cut and trim the landscaping around OMC's building before a meeting of the company's sales staff.

Which of the following is a characteristic associated with warehouse showrooms? a. Low inventory levels. b. Limited floor area. c. Several specialized services. d. High-cost buildings. e. Vertical merchandise displays.