Assume Robbie's Robots operates in a perfectly competitive market producing 3,000 robots per day. At this output level, the selling price is $ 800 per robot and the marginal cost is $ 625 per robot. It follows that producing one more robot will: cause this firm's Select one  .a. profits to remain unchanged . b. profits to increase . c. profits to decrease d. total cost to decrease

Microeconomics: Private and Public Choice (MindTap Course List)
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ISBN:9781305506893
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Chapter10: Price-searcher Markets With Low Entry Barriers
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Assume Robbie's Robots operates in a perfectly competitive market producing 3,000 robots per day. At this output level, the selling price is $ 800 per robot and the marginal cost is $ 625 per robot. It follows that producing one more robot will: cause this firm's Select one 

.a. profits to remain unchanged .

b. profits to increase .

c. profits to decrease

d. total cost to decrease

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