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Author Question: The Speedy Typesetting Company, a perfectly competitive firm, is currently producing where P= MCand ... (Read 253 times)

altibaby

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on: Apr 19, 2019

Question 1

The Razor-Thin Disposable Razor Company is a perfectly competitive firm producing where 
MR = 
MC. The current market price of a disposable razor is $3.00. The firm sells 1,800 disposable razors. Its 
AVC is $2.00 and its 
AFC is $1.50. What should Razor-Thin do?


◦ Continue to produce because price exceeds 
AVC.
◦ Shut down and produce zero razors because price is less than 
ATC.
◦ Decrease production so that 
AVC will decrease.
◦ Increase production so that 
AFC will decrease.

Question 2

The Speedy Typesetting Company, a perfectly competitive firm, is currently producing where 
P = 
MC and is earning a normal profit. The yearly licensing fee that this firm must pay for the use of a statistical software program was just increased from $1,000 to $1,200. In the short run, this firm will most likely


◦ reduce the amount of output it produces because its cost curves have shifted up and to the left.
◦ continue to produce the same amount of output because only its fixed costs have increased.
◦ produce more units of output to increase revenue to cover the additional fixed costs.
◦ shut down because it will no longer be earning a normal profit.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by altibaby on Apr 19, 2019

diesoon

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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altibaby

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Reply #2 on: Apr 19, 2019
Thanks


diesoon

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Reply #3 on: Apr 19, 2019
Welcome :)


DRose4Life

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Reply #4 on: Oct 22, 2021
thank you


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