Multiple Choice
Claude's Copper Clappers sells clappers for $40 each in a perfectly competitive market.At its present level of output,Claude's marginal cost is $39,average variable cost is $45,and average total cost is $60.To improve his profit or loss situation,Claude should _____
A) increase output.
B) reduce output but not to zero.
C) continue to produce the present level of output.
D) shut down.
E) increase the price.
Correct Answer:
Verified
Correct Answer:
Verified
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