Alpha is a price taking firm. At Its currant output level of 100 widgets. Alpha's total revenue is $2000. Marginal cost $8. Based on this information. which of the following can be deduced? A. Alpha is maximizing profits. B. Alpha's profits are negative . C. None of the above . D. Alphas profit are positive .
Alpha is a price taking firm. At Its currant output level of 100 widgets. Alpha's total revenue is $2000. Marginal cost $8. Based on this information. which of the following can be deduced? A. Alpha is maximizing profits. B. Alpha's profits are negative . C. None of the above . D. Alphas profit are positive .
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Kindly help me with below homework question :
Alpha is a price taking firm. At Its currant output level of 100 widgets. Alpha's total revenue is $2000. Marginal cost $8.
Based on this information. which of the following can be deduced?
A. Alpha is maximizing profits.
B. Alpha's profits are negative .
C. None of the above .
D. Alphas profit are positive .
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