Profits for a firm increase by lowering the firm’s __________ costs. (Points: 5)

social
judicial
operating
damage

Is it "operating"

1 answer

Right.

Similar Questions

Two firms decide to form a cartel and collude in a way that maximizes industry profits. Each firm has zero production costs and

Top answer: The two firms agree to act as a monopolist. Sinc MC is zero for both firms, they will produce where Read more.
A firm began the year making large profits. As time passed, the firm recorded the highest sales numbers in the history of its

Top answer: D. raise the price of its goods Read more.
Which of the following is true of a perfectly competitive firm?Question 4 options: A) The firm is a price maker. B) If the firm

Top answer: C) The firm will not earn an economic profit in the long run. Read more.
Consider a firm with the following production function:q = (ak+bl)^(1/2) The firm's total costs can be written as C = F + rk +

Top answer: To find the firm's contingent factor demand, we need to solve the cost-minimization problem by Read more.
1) Lowering the price by 10%. What is the break-even level of output?The company produces specialized glass units and is

Top answer: The company produces specialized glass units and is concerned that, as the market leader, they Read more.
If for a firm MRP > MFC, then the firm:a. is maximizing profits and should continue producing its current output. b. is

Top answer: c. should produce more output by increasing the quantity of factors employed. Read more.
A duopoly face market demand Q= 100 - P. The marginal cost of each firm is 40 and fixed costs are zero.a) suppose firm one is

Top answer: of each firm. a) Firm One's optimal quantity is 40, and if Firm Two enters, it will produce 60. b) Read more.
A duopoly face market demand Q= 100 - P. The marginal cost of each firm is 40 and fixed costs are zero.a) suppose firm one is

Top answer: of each firm. a) Firm One's optimal quantity is 40, and if Firm Two enters, it will produce 60. b) Read more.
A firm with a kinked demand curve experiences an increase fixed costs. Explain how the firm's price, output and profit change.

Top answer: To understand how the price, output, and profit of a firm with a kinked demand curve change when Read more.
at point where MR=MC, when the firm incurs losses in the short run, the firm should?Continue producing, but look for ways to

Top answer: To understand why a firm should continue producing when it incurs losses in the short run and reach Read more.