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Author Question: In the above figure, if the price is 10, a profit-maximizing perfectly competitive firm will A) ... (Read 37 times)

geodog55

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on: Jun 29, 2018
In the above figure, if the price is 10, a profit-maximizing perfectly competitive firm will
 
  A) produce 40 units.
  B) produce 25 units.
  C) produce 10 units.
  D) choose not to produce.

Question 2

The equilibrium price will rise and the equilibrium quantity might increase, decrease, or stay the same when the
 
  A) demand and the supply of a good both increase.
  B) demand for a good increases and the supply of it decreases.
  C) demand for a good decreases and the supply of it increases.
  D) demand and the supply of a good both decrease.


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JCABRERA33

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

C

Answer to Question 2

B


geodog55

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Reply 2 on: Jun 29, 2018
Gracias!

kishoreddi

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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