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Author Question: A perfectly competitive firm is currently producing an output level where price is $10.00, average ... (Read 56 times)

bryantpr01

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on: Oct 12, 2022
A perfectly competitive firm is currently producing an output level where price is $10.00, average variable cost is $6.00, average total cost is $10.00, and marginal cost is $8.00. In order to maximize profits, this firm should
◦ produce zero output.
◦ increase the market price.
◦ not change its output - this firm is at its profit-maximizing position.
◦ decrease its output.
◦ increase its output.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by bryantpr01 on Oct 12, 2022

MajorWaffle

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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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bryantpr01

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

sarah_brady415

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

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