Solved

Firm Faces the Demand for Its Product, ,As Shown

Question 25

Multiple Choice

firm faces the demand for its product, firm faces the demand for its product,   ,as shown in the figure below.It produces under conditions of constant costs in the long run,and LMC = LAC = $12 per unit.   At the profit-maximizing uniform price,the firm earns economic profit of __________ when it engages in uniform pricing. A) $3,872 B) $4,728 C) $4,874 D) $5,428 E) none of the above ,as shown in the figure below.It produces under conditions of constant costs in the long run,and LMC = LAC = $12 per unit. firm faces the demand for its product,   ,as shown in the figure below.It produces under conditions of constant costs in the long run,and LMC = LAC = $12 per unit.   At the profit-maximizing uniform price,the firm earns economic profit of __________ when it engages in uniform pricing. A) $3,872 B) $4,728 C) $4,874 D) $5,428 E) none of the above At the profit-maximizing uniform price,the firm earns economic profit of __________ when it engages in uniform pricing.


A) $3,872
B) $4,728
C) $4,874
D) $5,428
E) none of the above

Correct Answer:

verifed

Verified

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

Related Questions