Business, 25.11.2020 20:00 zanaplen27

Syzygy Company is a perfectly competitive firm. The market price of its output is $5. At its current level of output, the firm's average total cost is $5 per unit, its average variable cost is $4 per unit, and its marginal cost is $5 per unit. Based on this information, what can we say?a) Syzygy Company is earning zero economic profit, which is good enough to stay in business. b) Syzygy Company is not maximizing profit; it can increase profit by increasing output. c) Syzygy Company is not maximizing profit; it can increase profit by decreasing output. d) Syzygy Company is suffering a loss, but it should stay in business in the short run. e) Syzygy Company should go out of business in the short run.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 01:30, rachelkim999

Diversity is an obstacle all marketers face: true false

Answers: 2

continue

Business, 22.06.2019 09:50, niele123

The returns on the common stock of maynard cosmetic specialties are quite cyclical. in a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a negative 14 percent in a recessionary period. the probability of a recession is 35 percent while the probability of a boom is 10 percent. what is the standard deviation of the returns on this stock?

Answers: 2

continue

Business, 22.06.2019 20:30, capybaracaptin2895

Considered alone, which of the following would increase a company's current ratio? a. an increase in net fixed assets. b. an increase in accrued liabilities. c. an increase in notes payable. d. an increase in accounts receivable. e. an increase in accounts payable.

Answers: 3

continue

Business, 22.06.2019 22:20, Shubbs

Which of the following is one disadvantage of renting a place to live compared to buying a home? a. tenants have to pay for all repairs to the building. b. the landlord covers the expenses of maintaining the property. c. residents can't alter their living space without permission. d. rent is generally more than monthly mortgage payments.

Answers: 1

continue

You know the right answer?

Syzygy Company is a perfectly competitive firm. The market price of its output is $5. At its current...