At 1000 units the perfectly competitive firm has an ATC of $4.50 while at 1200 u

Question

At 1000 units the perfectly competitive firm has an ATC of $4.50 while at 1200 units it has an ATC of $4.25. Which of the following is true? 1000 units is less than the quantity at the breakeven point. 1000 units maximizes profit in both the short and long run. 1000 units is more than the quantity at the breakeven point. 1000 units maximizes profit in the long run but not the short run. At 1000 units the perfectly competitive firm has an ATC of $4.50 while at 1200 units it has an ATC of $4.25. Which of the following is true? 1000 units is less than the quantity at the breakeven point. 1000 units maximizes profit in both the short and long run. 1000 units is more than the quantity at the breakeven point. 1000 units maximizes profit in the long run but not the short run. 1000 units is less than the quantity at the breakeven point. 1000 units maximizes profit in both the short and long run. 1000 units is more than the quantity at the breakeven point. 1000 units maximizes profit in the long run but not the short run. 1000 units is less than the quantity at the breakeven point.

Explanation / Answer

1000 units is more than the quantity at the breakeven point.

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.