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Author Question: Assume a perfectly competitive firm sells its output for 150 per unit. It currently produces 6,000 ... (Read 64 times)

sammy

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on: Jun 30, 2018
Assume a perfectly competitive firm sells its output for 150 per unit. It currently produces 6,000 units of output, at which output level it minimizes its average variable cost at 152 per unit. Assuming it wants to maximize its profits, it should:
 a. increase output.
 b. decrease output, but not shut down.
  c. maintain its current output rate.
 d. shut down.

Question 2

The income tax structure in the United States is regressive in nature.
 a. True
  b. False
  Indicate whether the statement is true or false


meganlapinski

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


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