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Author Question: Consider a perfectly competitive firm in the following position: output = 4000 units, market price = ... (Read 117 times)

acwiles

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on: Oct 12, 2022
Consider a perfectly competitive firm in the following position: output = 4000 units, market price = $1, total fixed costs = $2000, total variable costs = $2000, and marginal cost = $1. To maximize profits, the firm should
◦ reduce its output.
◦ produce zero output.
◦ increase the market price.
◦ expand its output.
◦ not change its output.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by acwiles on Oct 12, 2022

Marys

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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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acwiles

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

ktidd

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Reply 3 on: Yesterday
Excellent

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