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
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
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
17,103,130 questions answered
Popular Conversations
Define scientific law
Weegy: A scientific law is a statement based on repeated experimental observations that describes some aspect of the ...
8/21/2014 9:05:32 AM| 2 Answers
Which of the following projections would be best for a map of the ...
Weegy: Please indicate the choices.
8/21/2014 12:39:54 PM| 2 Answers
how do i get points
8/21/2014 1:19:30 PM| 2 Answers
What is the sum of 2/5 and 2/4?
8/21/2014 3:26:40 PM| 2 Answers
15÷6 2/3=?
Weegy: Set it up as a proportion: 6/15=2/x Cross multiply: 2*15=6*x 30=6x Solve for x: x=5 So, 6/15=2/5 ...
8/21/2014 3:22:52 PM| 2 Answers
A republic is a form of government in which the people
Weegy: According to Wikipedia, a republic is a form of government. User: A direct democracy is also known as a
8/21/2014 4:39:27 PM| 2 Answers
Who is regarded as the founder of the study of human anatomy? A. ...
Weegy: User: Who translated the Bible into German to allow the people to understand the teachings in their native ...
8/21/2014 8:48:55 PM| 2 Answers
Potugese ships known as what were perfect for ocean travel? A. ...
Weegy: The answer is C. Frigates User: During the Commerical Revolution, which new economic theory stressed the ...
8/21/2014 9:01:10 PM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
Points 1828 [Total 23428]| Ratings 2| Comments 1808| Invitations 0|Offline
S
L
1
L
Points 1407 [Total 5383]| Ratings 5| Comments 1357| Invitations 0|Offline
S
L
C
P
C
1
L
L
Points 1345 [Total 14959]| Ratings 7| Comments 1275| Invitations 0|Offline
S
L
1
1
1
1
L
1
Points 1299 [Total 9006]| Ratings 2| Comments 1279| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 1119 [Total 16146]| Ratings 2| Comments 1099| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 840 [Total 18411]| Ratings 0| Comments 840| Invitations 0|Offline
S
1
L
L
Points 448 [Total 5012]| Ratings 0| Comments 448| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 405 [Total 11066]| Ratings 1| Comments 395| Invitations 0|Offline
S
Points 272 [Total 272]| Ratings 1| Comments 252| Invitations 1|Offline
S
Points 217 [Total 228]| Ratings 3| Comments 157| Invitations 3|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.