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Author Question: Consider the following short-run cost curves for a profit-maximizing firm in a perfectly competitive ... (Read 38 times)

jany123

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on: Oct 12, 2022

Question 1

Consider the following short-run cost curves for a profit-maximizing firm in a perfectly competitive industry.



FIGURE 9-3

Refer to Figure 9-3. If the market price is $3, at the profit-maximizing level of output the firm's profit is


◦ $1500.
◦ $500.
◦ $0.
◦ -$500.
◦ $2000.

Question 2

Consider the following short-run cost curves for a profit-maximizing firm in a perfectly competitive industry.



FIGURE 9-3

Refer to Figure 9-3. If the market price is $2, the profit-maximizing level of output is


◦ 0 units.
◦ 400 units.
◦ 100 units.
◦ 300 units.
◦ 200 units.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jany123 on Oct 12, 2022

Tussalpain

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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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jany123

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

ultraflyy23

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

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