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Author Question: Refer to Table 12-2. How many pounds of apples should Margie sell to maximize her profit? A) 300 ... (Read 48 times)

ETearle

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on: Jun 29, 2018
Refer to Table 12-2. How many pounds of apples should Margie sell to maximize her profit?
 
  A) 300 pounds
  B) 400 pounds
  C) This cannot be determined without knowing Margie's total or marginal production costs.
  D) This can be determined only when all of the values for market price, total revenue, average revenue and marginal revenue are given.

Question 2

Economies of scale will create a barrier to entry in an oligopoly industry when
 
  A) a firm's minimum efficient scale occurs where long-run average total costs are constant.
  B) the typical firm's long-run average total cost curve reaches a minimum at a level of output that is a small fraction of total industry sales.
  C) the industry's four-firm concentration ratio is less than 40 percent.
  D) the typical firm's long-run average total cost curve reaches a minimum at a level of output that is a large fraction of total industry sales.
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Juro

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Reply #1 on: Jun 29, 2018
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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ETearle

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

bitingbit

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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