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Author Question: FIGURE 11-3Refer to Figure 11-3. In diagram 1, the profit-maximizing output for a competitive firm ... (Read 53 times)

rubiosusy7

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on: Oct 12, 2022

Question 1




FIGURE 11-3

Refer to Figure 11-3. In diagram 3, the firm's short-run supply curve is


◦ ATC above AVC.
◦ MC.
◦ MC above AVC.
◦ AR.
◦ MC above ATC.

Question 2




FIGURE 11-3

Refer to Figure 11-3. In diagram 1, the profit-maximizing output for a competitive firm is one where


◦ P > MC.
◦ AR = ATC.
◦ P = AR = MC.
◦ P < MC.
◦ ATC is at the minimum.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by rubiosusy7 on Oct 12, 2022

miro2222

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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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rubiosusy7

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

daiying98

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Reply 3 on: Yesterday
Wow, this really help

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