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Author Question: Suppose a firm producing digital cameras is operating such that marginal costs are higher than ... (Read 62 times)

vowens

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on: Oct 12, 2022

Question 1

It is assumed in standard economic theory that a firm makes decisions in an effort to
◦ maximize its revenue.
◦ have a highly diversified product.
◦ be favoured politically.
◦ maximize its profits.
◦ become as large as possible.

Question 2

Suppose a firm producing digital cameras is operating such that marginal costs are higher than average costs. If the firm produces one more camera, average costs will
◦ reach a point of diminishing returns.
◦ reach their maximum.
◦ remain constant.
◦ fall.
◦ rise.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by vowens on Oct 12, 2022

DevinBrifm

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Reply #1 on: Oct 12, 2022
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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vowens

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

cdmart10

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

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