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Author Question: Refer to the data provided in Table 9.2 below to answer the question(s) that follow. Refer to Table ... (Read 94 times)

penza

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Question 1

Refer to the data provided in Table 9.2 below to answer the question(s) that follow. 











Refer to Table 9.2. At a market price of $28, if the firm produces where 
MR = 
MC, then it would produce ________ units of output and earn an economic profit of ________.


◦ 0; -$50
◦ 4; $0
◦ 5; $0
◦ either 4 or 5; $0

Question 2

Refer to the data provided in Table 9.2 below to answer the question(s) that follow. 











Refer to Table 9.2. If the market price is $20, then to maximize profits this firm should produce


◦ zero units of output.
◦ one unit of output.
◦ two units of output.
◦ four units of output.


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Marked as best answer by penza on Apr 19, 2019

spencer.martell

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penza

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Reply 2 on: Apr 19, 2019
:D TYSM


pangili4

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

 

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