Answer to Question #106740 in Microeconomics for Raj

Question

At the profit-maximizing output level, an increase in price by a perfectly competitive firm will:
a) increase total cost more than total revenue ,
B ) cause an increase in profits ,
C)cause the firm to loose all of its sales ,
D)increase total revenue more than total cost ,
E)Reduce total cost more than total revenue

Answer 1

D