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Author Question: Refer to Table 12-4. If the market price is 45, the firm A) will earn profit of 1,040. B) will ... (Read 139 times)

CQXA

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on: Jun 29, 2018
Refer to Table 12-4. If the market price is 45, the firm
 
  A) will earn profit of 1,040. B) will suffer a loss of 200.
  C) earn a profit of 3,600. D) will break even.

Question 2

Refer to Figure 15-2. If the firm's average total cost curve is ATC3, the firm will
 
  A) suffer a loss. B) break even. C) make a profit. D) face competition.


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Jossy

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

A

Answer to Question 2

A


CQXA

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bdobbins

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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