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Author Question: The profit-maximizing level for all firms, regardless of industry structure, is the output level where (Read 113 times)

09madisonrousseau09

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on: Apr 19, 2019

Question 1

Joe's Butcher Shop is producing where 
MR = 
MC; Joe's Butcher Shop must be


◦ earning a zero economic profit.
◦ incurring a loss.
◦ maximizing profits.
◦ maximizing revenue but not maximizing profits.

Question 2

The profit-maximizing level for all firms, regardless of industry structure, is the output level where


◦ TR = 
MC.
◦ P = 
MC.
◦ ATC = 
P.
◦ MC = 
MR.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by 09madisonrousseau09 on Apr 19, 2019

trog

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Reply #1 on: Apr 19, 2019
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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09madisonrousseau09

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Reply #2 on: Apr 19, 2019
TY


trog

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Reply #3 on: Apr 19, 2019
You're welcome


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