[Answered] Refer to Figure 12-5. What is the minimum price the firm requires to produce output? A) 20 B) 14 ...

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Author Question: Refer to Figure 12-5. What is the minimum price the firm requires to produce output? A) 20 B) 14 ... (Read 113 times)

ghost!

Hero Member
Posts: 560

on: Jun 29, 2018

Refer to Figure 12-5. What is the minimum price the firm requires to produce output?

A) 20 B) 14
C) 5 D) It cannot be determined

Question 2

Refer to Figure 13-11. What is the productively efficient output for the firm represented in the diagram?

A) Q1 units B) Q2 units C) Q3 units D) Q4 units

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pallen55

Sr. Member
Posts: 331

Reply #1 on: Jun 29, 2018

Answer to Question 1

C

Answer to Question 2

D

ghost!

Hero Member
Posts: 560

Reply #2 on: Jun 29, 2018

Correct answers!

pallen55

Sr. Member
Posts: 331

Reply #3 on: Jun 29, 2018

Great! Please up vote

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Author Question: Refer to Figure 12-5. What is the minimum price the firm requires to produce output? A) 20 B) 14 ... (Read 113 times)

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