Question and answer
14)A producer’s profits are maximized when marginal costs are _____. (1point)(A)equal to fixed costs minus variable costs (B)resulting in decreasing marginal returns (C)less than marginal revenue
(D)equal to marginal revenue
(D)equal to marginal revenue
Get an answer
Original conversation
User: 14)A producer’s profits are maximized when marginal costs are _____. (1point)(A)equal to fixed costs minus variable costs (B)resulting in decreasing marginal returns (C)less than marginal revenue (D)equal to marginal revenue

Weegy: (D)equal to marginal revenue
Expert answered|sar2000|Points 31|

User: 15)How does a firm calculate its profit? (1point)marginal revenue minus marginal costvariable cost plus total costtotal revenue minus total costtotal revenue minus marginal revenue

Weegy: marginal revenue minus marginal cost
Expert answered|sar2000|Points 31|

Question
Asked 6/16/2012 1:52:07 PM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
what happens when the price decreases in the case of a product that has elastic supply?
Weegy: The demand has decreased. (More)
Question
Expert Answered
Updated 6/16/2012 11:44:30 AM
1 Answer/Comment
There is a decrease in demand. So in order to attract more buyer the business has decreased the price. If there was more people buying the product then there would be an increase in demand. The business would take advantage of the increase of consumers by raising prices. However that is not the case here. This is a decrease in demand
Added 6/16/2012 11:44:30 AM
This answer has been added to the Weegy Knowledgebase
Rated good by sar2000, Rated good by sar2000, Rated good by sar2000, Rated bad by sar2000, Rated good by sar2000
what is the level of output every firm strives for? User: what is the level of output every firm strives for? A)when fixed cost and marginal cost are equal. B)when variable cost and marginal cost rise at the same rate. C)when marginal revenue equals marginal cost. D)when marginal revenue is greater than marginal cost.
Weegy: profit maximizing level of output User: that wasnt a selection a,b,c,or d please Weegy: B User: cool! Weegy: MISTAKE C IS THE CORRECT OPTION User: why would the supply curve of a dog walking business be considered elastic? A)because it can hir workers quickly if the price rises. B) becasue the demand for dog walking services flucuates. C) because the supply of dogs changes quickly. D) because the supply of dog walking isnt easily expanded or reduced. a,b,c,or d please :) Weegy: B) becasue the demand for dog walking services flucuates. User: nicee! (More)
Question
Expert Answered
Asked 6/16/2012 11:08:29 AM
0 Answers/Comments
if the supply of a good is elastic, which statement is true? A) the producer will increase the amount being produced if the price rises B) the producer is enjoying increasing marginal returns c) the producer will increase the amount being produced if the price falls D) the producer is experiencing diminishing marginal returns.
Weegy: B and D is not related as marginal return deals with the incremental return. the answer is A as it will be more profitable to supply elastic at the higher price. (More)
Question
Expert Answered
Asked 6/16/2012 11:43:20 AM
0 Answers/Comments
if sellers expect the price of a good to rise in the future, what are they likely to do? A) put more goods on the market immediately B) store goods now to sell more in the future C) raise their prices now D) set prices according to the law of demand
Weegy: Answer is B) if sellers expect the price of a good to rise in the future they store goods now to sell more in the future. (More)
Question
Expert Answered
Asked 6/16/2012 11:49:33 AM
0 Answers/Comments
a raise in the price of a product causes_ A) a decrease in competition B) an increase in demand C) an increase in competition D) a decrease in supply
Weegy: C) an increase in competition because if you are raising prices then consumers will begin looking elsewhere to buy the same product (More)
Question
Expert Answered
Asked 6/16/2012 11:46:34 AM
0 Answers/Comments
25,012,704 questions answered
Popular Conversations
A credit report is a _____.
5/2/2016 7:02:18 AM| 2 Answers
Where did Pure Land Buddhism first become ...
5/2/2016 7:37:41 AM| 2 Answers
2 2/3-5/6
Weegy: 4 1/3 - 5/6 - 1/2 is equal to 3 User: A 5-story building is 51.1 feet tall. How many feet tall is each story
5/2/2016 8:20:33 AM| 2 Answers
Which of the following is a transitional word found in this ...
Weegy: what's your question? User: Which of these words from the paragraph is NOT a transitional word or ...
5/2/2016 8:20:41 AM| 2 Answers
Which of the following technologies was NOT created during World War ...
Weegy: B. antibiotics User: Which of the following terms could be applied to the United States during the Cold ...
5/2/2016 8:37:12 AM| 2 Answers
What is Luminol?
5/2/2016 8:57:15 AM| 2 Answers
Weegy Stuff
S
Points 148 [Total 148] Ratings 7 Comments 78 Invitations 0 Offline
S
Points 112 [Total 112] Ratings 2 Comments 82 Invitations 1 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 86 [Total 12338] Ratings 1 Comments 76 Invitations 0 Online
S
Points 38 [Total 107] Ratings 0 Comments 38 Invitations 0 Offline
S
Points 11 [Total 156] Ratings 0 Comments 11 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
R
Points 1 [Total 723] Ratings 0 Comments 1 Invitations 0 Offline
Points 0 [Total 0] Ratings 0 Comments 0 Invitations 0 Offline
Points 0 [Total 0] Ratings 0 Comments 0 Invitations 0 Offline
S
Points 0 [Total 0] Ratings 0 Comments 0 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.