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Author Question: In the short run, a profit-maximizing firm will expand output (Read 43 times)

ega16

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on: Oct 12, 2022

Question 1

An example of a product that could most closely satisfy the homogeneous product assumption of perfect competition is
◦ cars.
◦ personal computers.
◦ shampoo.
◦ barley.
◦ pizza.

Question 2

In the short run, a profit-maximizing firm will expand output
◦ as long as marginal cost is greater than marginal revenue.
◦ as long as marginal revenue is greater than marginal cost.
◦ until total revenue equals total cost.
◦ until marginal cost begins to rise.
◦ until marginal revenue equals average variable cost.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by ega16 on Oct 12, 2022

SphnxKickin

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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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ega16

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

pratush dev

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Reply 3 on: Yesterday
Wow, this really help

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