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Author Question: If a monopolist's price is 50 at the output where marginal revenue equals marginal cost and average ... (Read 336 times)

Melani1276

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on: Jun 29, 2018
If a monopolist's price is 50 at the output where marginal revenue equals marginal cost and average total cost is 43, then the incremental profit from the last unit sold is 7.
 
  Indicate whether the statement is true or false

Question 2

The supply curve of a perfectly competitive firm in the short run is
 
  A) the portion of the firm's marginal cost curve above the minimum point of the average total cost curve.
  B) the firm's average variable cost curve.
  C) the portion of the firm's marginal cost curve above the minimum point of the average variable cost curve.
  D) the portion of the firm's marginal cost curve below the minimum point of the average variable cost curve.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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wergv

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Reply #1 on: Jun 29, 2018
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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Melani1276

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Animal_Goddess

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

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