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Author Question: Consider the following total cost schedule for a perfectly competitive firm producing ball-point ... (Read 40 times)

olgamartinez04

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on: Oct 12, 2022
Consider the following total cost schedule for a perfectly competitive firm producing ball-point pens.

Output 
per period		TVC ($)TFC ($)
 005
1025
2035
3065
40105
50155
TABLE 9-2

Refer to Table 9-2. Suppose the prevailing market price for this firm's product is $0.14 and the firm is currently producing 20 units of output. This competitive firm wishing to maximize profits would
◦ produce zero output because price is less than the minimum average variable cost.
◦ increase output because marginal revenue is greater than marginal cost.
◦ increase output because marginal revenue is less than marginal cost.
◦ decrease output because marginal revenue is less than marginal cost.
◦ decrease output because marginal revenue is greater than marginal cost.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by olgamartinez04 on Oct 12, 2022

athenaheim

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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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olgamartinez04

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

brbarasa

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

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