Assume that a computer company operates in a perfectly competitive market producing 5,000 computers per day. At this output level, price exceeds this firm's marginal cost. It follows that producing one more computer ( expanding the production) will cause this firm's: O profits to remain unchanged. O profits to increase. O total cost to decrease. O profits to decrease.

Assume that a computer company operates in a perfectly competitive market producing 5,000 computers per day. At this output level, price exceeds this firm's marginal cost. It follows that producing one more computer ( expanding the production) will cause this firm's: O profits to remain unchanged. O profits to increase. O total cost to decrease. O profits to decrease.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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