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Author Question: In the short run, a perfectly competitive profit maximizing firm that has not shut down A) is ... (Read 94 times)

APUS57

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on: Jul 1, 2018
In the short run, a perfectly competitive profit maximizing firm that has not shut down
 
  A) is operating on the downward-sloping portion of its AVC curve.
  B) is operating at the minimum of its AVC curve.
  C) is operating on the upward-sloping portion of its AVC curve.
  D) is not operating on its AVC curve.
  E) can be at any point on its AVC curve.

Question 2

Refer to Scenario 10.2. What is the profit maximizing price?
 
  A) 95.00
  B) 5.00
  C) 52.50
  D) 10.00


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dreamfighter72

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


APUS57

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Reply 2 on: Jul 1, 2018
Gracias!

31809pancho

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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