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
Ask a question
Not a good answer? Get an answer now. (FREE)
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
Education|No Subcategories|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
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 ... (More)
Question
Education|No Subcategories|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
Education|No Subcategories|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
Education|No Subcategories|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
Education|No Subcategories|Expert Answered
Asked 6/16/2012 11:46:34 AM
0 Answers/Comments
Home | Contact | Terms | Privacy | Social | ©2013 Purple Inc.
Ad
Popular Conversations
which life stage does nutritional issue might cause the most problems ...
Weegy: Malnutrition is a common problem in cancer patients that has been relief from nutrition impact symptoms and ...
4/19/2014 1:18:55 AM| 5 Answers
Pax Romana lasted from the reign of
Weegy: Pax Romana lasted from the reign of: Marcus Aurelius.
4/19/2014 4:45:15 PM| 3 Answers
ODBS stands for ______ a. Offline database connection b. Oriented ...
Weegy: ODBS stands for - c. Open database connection
4/20/2014 10:16:42 AM| 3 Answers
Energy from sunlight is harmful to our skin.
4/19/2014 4:02:26 AM| 2 Answers
Helen's sign for her mother was touching her hand to her
Weegy: forehead User: The students at Perkins Institute sent Helen a(n): Weegy: The students at Perkins Institute ...
4/19/2014 7:05:08 AM| 2 Answers
(3+ (6)) (6+ 5)=
Weegy: (3+6)(6+5) 9 + 11 = 20
4/19/2014 8:54:53 AM| 2 Answers
( 7- 10)2- 630
4/19/2014 12:22:32 PM| 2 Answers
As temperature increases, the speed of ...
Weegy: No, it decreases because when temperature is low water is present in atmosphere which let sound to go fast
4/19/2014 1:04:54 PM| 2 Answers
Weegy Stuff
S
L
P
C
L
P
C
Points 1591 [Total 6978]| Ratings 0| Comments 1591| Invitations 0|Online
S
L
P
C
P
C
1
L
P
C
Points 1458 [Total 9339]| Ratings 0| Comments 1458| Invitations 0|Offline
S
1
L
1
L
P
Points 496 [Total 7173]| Ratings 1| Comments 486| Invitations 0|Offline
S
L
Points 429 [Total 2876]| Ratings 2| Comments 399| Invitations 1|Offline
S
L
1
1
1
Points 180 [Total 3446]| Ratings 7| Comments 110| Invitations 0|Online
S
R
Points 178 [Total 290]| Ratings 5| Comments 108| Invitations 2|Offline
S
Points 163 [Total 579]| Ratings 0| Comments 163| Invitations 0|Offline
S
Points 157 [Total 157]| Ratings 6| Comments 77| Invitations 2|Offline
S
1
Points 154 [Total 484]| Ratings 3| Comments 124| Invitations 0|Offline
S
Points 141 [Total 785]| Ratings 1| Comments 131| Invitations 0|Offline