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Author Question: Refer to the information provided in Figure 9.5 below to answer the question that follows. Refer to ... (Read 8 times)

moongchi

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on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 9.4 below to answer the question(s) that follow. 









Refer to Figure 9.4. In the short run, if economic conditions do not change, this firm should produce ________ units of output and will earn a total revenue ________.


◦ 0; of $0
◦ 100; of $800
◦ more than 100; > $800
◦ less than 100; > $0 but < $800

Question 2

Refer to the information provided in Figure 9.5 below to answer the question that follows. 







Refer to Figure 9.5. From the diagram, existing firms in this industry make ________ economic profits, and as long as this continues, ________.


◦ negative; new firms will not enter it and existing firms will leave it
◦ zero; new firms will not enter it and existing firms will not leave it either
◦ positive; new firms will enter the industry and existing firms will not leave it
◦ positive; the industry supply curve will shift to the left
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by moongchi on Apr 19, 2019

krakiolit

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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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moongchi

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Reply #2 on: Apr 19, 2019
Excellent


krakiolit

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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