For any given price, a firm in a competitive market will maximize
profit by selecting the level of output at which price intersects the
( )
A: average total cost curve.
B: average variable cost curve.
C: marginal cost curve.
D: marginal revenue curve.
profit by selecting the level of output at which price intersects the
( )
A: average total cost curve.
B: average variable cost curve.
C: marginal cost curve.
D: marginal revenue curve.
举一反三
- When a regulatory agency requires a monopolist to use average cost pricing, the intent is to price the product where the: A: AC curve intersects the MR curve. B: AC curve intersects the demand curve. C: MR curve intersects the demand curve.
- To maximize profit, the monopolist produces on the ________ portion of the demand curve where ________. A: elastic; price equals marginal cost B: elastic; marginal revenue equals marginal cost C: inelastic; price equals marginal revenue D: inelastic; marginal revenue equals marginal cost
- A perfectly competitive firm maximizes its profit by producing the output at which its marginal cost equals its ____ A: marginal revenue B: average total cost C: average variable cost. D: average fixed cost.
- A firm maximizes profit by operating at the level of output where A: average revenue equals average cost. B: average revenue equals average variable cost. C: total costs are minimized. D: marginal revenue equals marginal cost. E: marginal revenue exceeds marginal cost by the greatest amount.
- Monopolists will maximize profit by producing at an output level where which of the following conditions exists（） A: Price = marginal revenue = marginal cost. B: Price = demand = marginal revenue = marginal cost. C: Marginal revenue = marginal cost ＜ price.