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Author Question: Refer to Figure 12-6. If Jason maximizes his profit he will produce the output rate indicated by ... (Read 68 times)

NguyenJ

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on: Jun 29, 2018
Refer to Figure 12-6. If Jason maximizes his profit he will produce the output rate indicated by point ________ and his average profit will equal ________.
 
  A) a; 3 B) b; 3 minus ATC at point b
  C) d; 3 minus ATC at point d D) e; 3 minus ATC at point e

Question 2

The law of one price holds exactly only if
 
  A) buyers have complete information. B) antitrust laws are being enforced.
  C) it is impossible for buyers to resell the good. D) transactions costs are zero.


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rekilledagain

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


NguyenJ

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

okolip

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

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