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Author Question: In the above table, the average total cost of producing 14 units of output is A) 5.71. B) 6.75. ... (Read 87 times)

Haya94

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on: Jun 29, 2018
In the above table, the average total cost of producing 14 units of output is
 
  A) 5.71.
  B) 6.75.
  C) 7.00.
  D) 7.86.

Question 2

In monopolistic competition, in the long run customers pay a price that is
 
  A) less than the minimum ATC.
  B) more than the minimum ATC.
  C) equal to both the minimum ATC and the minimum AVC.
  D) equal to the minimum ATC, but not equal to the minimum AVC.


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Joy Chen

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

D

Answer to Question 2

B


Haya94

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Reply 2 on: Jun 29, 2018
Excellent

juliaf

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Reply 3 on: Yesterday
Wow, this really help

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