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Author Question: Jennifer's Bakery Shop produces baked goods in a perfectly competitive market. If Jennifer decides ... (Read 121 times)

kshipps

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on: May 24, 2019
Jennifer's Bakery Shop produces baked goods in a perfectly competitive market. If Jennifer decides to produce her 100th batch of cookies, the marginal cost is $120. She can sell this batch of cookies at a market price of $110. To maximize her profit, Jennifer should
◦ not produce this additional batch.
◦ produce this batch of cookies because they will help lower her average fixed cost.
◦ charge $120 for this batch.
◦ shut down.
◦ produce this batch of cookies because their MR exceeds their MC.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by kshipps on May 24, 2019

olderstudent

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Reply #1 on: May 24, 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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kshipps

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

bimper21

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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