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Author Question: Suppose a perfectly competitive firm's minimum average variable cost is $3 when it produces 50. If ... (Read 165 times)

joblessjake

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on: May 24, 2019
Suppose a perfectly competitive firm's minimum average variable cost is $3 when it produces 50. If the price is $2 and the firm's marginal cost is $2, the firm should
◦ continue to produce, but produce more than 50.
◦ continue to produce 50.
◦ continue to produce, but produce less than 50.
◦ shut down.
◦ continue to operate, but to determine the amount of production needs more information than is given.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by joblessjake on May 24, 2019

zenzy

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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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joblessjake

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Reply #2 on: May 24, 2019
Thank you!


zenzy

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Reply #3 on: May 24, 2019
Always glad to help...


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