Musashi Should not increase production from 7 to 8 fire engines. True or False: If Musashi's Fire Engines were a competitive firm instead and $175,000 were the market price for an engine, decreasing its price from $175,000 to $150,000 would result in an increase in production quantity and total revenue.

Question

Business

Kyleigh Vargas

5 June, 02:56

Musashi Should not increase production from 7 to 8 fire engines. True or False: If Musashi's Fire Engines were a competitive firm instead and $175,000 were the market price for an engine, decreasing its price from $175,000 to $150,000 would result in an increase in production quantity and total revenue.

+2

Answers (1)

Know the Answer?

Amaris Daugherty · Answer 1

b) False

Misashi should production engines to be more competitive in the market as market price is decreasing per engine, and it should purchase more engine.