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Author Question: A perfectly competitive firm will earn positive economic profits in the range of output for which ... (Read 77 times)

Wadzanai

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on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 8.9 below to answer the question(s) that follow. 






 

Refer to Figure 8.9. If this farmer produces the profit-maximizing quantity when the market price is ________, her profit is $0.


◦ $24
◦ $20
◦ $18
◦ $4

Question 2

A perfectly competitive firm will earn positive economic profits in the range of output for which the firm's price is ________ its minimum average total cost.


◦ below
◦ above
◦ equal to
◦ below its marginal cost and
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Wadzanai on Apr 19, 2019

shoemake

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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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Wadzanai

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

momolu

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

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