Seeing is believing!
Before you order, simply sign up for a free user account and in seconds you'll be experiencing the best in CFA exam preparation.
Basic Question 11 of 22
Refer to the graph below. If the firm produces 700 units of output per day, it ______
B. can increase profit by producing less.
C. will be maximizing profit.
A. can increase profit by producing more.
B. can increase profit by producing less.
C. will be maximizing profit.
User Contributed Comments 3
| User | Comment |
|---|---|
| azramirza | isnt since MC is greater then demand the firm needs to produce more rather than less? or reduce to 600 where mc=mr. right? |
| southeuro | reduce to where mc=mr then draw vertical line to demand to find the price that maximises. |
| maryprz14 | beautiful question, I hope actual test's difficulty level be the same!!! :/ |
I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly
CFA® 2024 Level I Curriculum, Volume 1, Module 1.