Author Question: Refer to Figure 13-17. What is the amount of excess capacity? A) Qj - Qh units B) Qj - Qf units ... (Read 220 times)

Diane

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Refer to Figure 13-17. What is the amount of excess capacity?
 
  A) Qj - Qh units B) Qj - Qf units C) Qh - Qg units D) Qh - Qf units

Question 2

If a monopolist's price is 50 at the output where marginal revenue equals marginal cost and average total cost is 43, then the average profit is 7.
 
  Indicate whether the statement is true or false



lindahyatt42

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Answer to Question 1

B

Answer to Question 2

TRUE



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