menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Principles
  4. Exam
    Exam 8: How Firms Make Decisions: Profit Maximization
  5. Question
    If Carol's Crayon Factory's Price Exceeds Its Average Total Cost
Solved

If Carol's Crayon Factory's Price Exceeds Its Average Total Cost

Question 52

Question 52

Multiple Choice

If Carol's Crayon Factory's price exceeds its average total cost in the short run,then


A) it should shut down
B) it is earning a profit
C) profits are being maximized
D) it should increase output
E) it should decrease output

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q47: Profit is the payment for<br>A)land and labor<br>B)risk

Q48: Whenever marginal cost exceeds marginal revenue,<br>A)profit declines

Q49: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3973/.jpg" alt=" -Figure 8-4 indicates

Q50: A firm may find it optimal to

Q51: Economic analysis assumes that,for each output level,the

Q53: In the short run,if a firm's total

Q54: If marginal revenue for a firm is

Q55: When a firm faces a downward-sloping demand

Q56: Economists assume that the goal of the

Q57: According to the marginal approach to profit

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines