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Author Question: Refer to Figure 12-1. If the firm is producing 200 units A) it should increase its output to ... (Read 116 times)

wrbasek0

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on: Jun 29, 2018
Refer to Figure 12-1. If the firm is producing 200 units
 
  A) it should increase its output to maximize profit. B) it is making a loss.
  C) it breaks even. D) it should cut back its output to maximize profit.

Question 2

Refer to Table 13-2. What is the output (Q) that maximizes profit and what is the price (P) charged?
 
  A) P = 55; Q = 5 cases B) P = 50; Q = 6 cases
  C) P = 45; Q = 7 cases D) P = 40; Q = 8 cases


vickybb89

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

A

Answer to Question 2

B


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wrbasek0

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Reply #2 on: Jun 29, 2018
Thank you


vickybb89

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Reply #3 on: Jun 29, 2018
No problemo


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