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Author Question: Fresh Taste, Inc produces organic breakfast cereals. The market for breakfast cereals is ... (Read 108 times)

pepyto

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on: Jun 29, 2018
Fresh Taste, Inc produces organic breakfast cereals. The market for breakfast cereals is monopolistically competitive.
 
  The figure above shows the demand curve that Fresh Taste faces (D), the company's marginal revenue curve (MR), its marginal cost curve (MC), and its average total cost curve (ATC). If Fresh Taste and other firms in the market are currently producing their profit maximizing quantities of cereals, then the market is A) in both short-run equilibrium and long-run equilibrium.
  B) in short-run equilibrium but not in long-run equilibrium.
  C) in long-run equilibrium but not in short-run equilibrium.
  D) neither in short-run equilibrium nor in long-run equilibrium.

Question 2

The table above shows the production possibilities frontier for the nation of Isolanda.
 
  a) Find the marginal cost of a pound of fish using the above PPF.
  b) How does the marginal cost of a pound of fish change as more fish are caught?
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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blakeserpa

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Reply #1 on: Jun 29, 2018
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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pepyto

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Reply 2 on: Jun 29, 2018
Excellent

meganmoser117

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

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