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Author Question: Refer to Figure 13-17. What is the amount of excess capacity? A) Qj - Qh units B) Qj - Qf units ... (Read 218 times)

Diane

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on: Jun 29, 2018
Refer to Figure 13-17. What is the amount of excess capacity?
 
  A) Qj - Qh units B) Qj - Qf units C) Qh - Qg units D) Qh - Qf units

Question 2

If a monopolist's price is 50 at the output where marginal revenue equals marginal cost and average total cost is 43, then the average profit is 7.
 
  Indicate whether the statement is true or false


lindahyatt42

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

TRUE


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Diane

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Reply #2 on: Jun 29, 2018
Thank you


lindahyatt42

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Reply #3 on: Jun 29, 2018
No problemo


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