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Author Question: The Taste Freeze Ice Cream Company is a perfectly competitive firm producing where MR = MC. The ... (Read 195 times)

newyorker26

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on: Apr 19, 2019

Question 1

As long as price is sufficient to cover ________, the firm is better off by operating rather than by shutting down.


◦ marginal cost
◦ average fixed cost
◦ average variable cost
◦ marginal revenue

Question 2

The Taste Freeze Ice Cream Company is a perfectly competitive firm producing where 
MR = 
MC. The current market price of an ice cream sandwich is $5.00. Taste Freeze sells 200 ice cream sandwiches. Its 
AVC is $8.00 and its 
AFC is $3.00. What should Taste Freeze do?


◦ Continue to produce because price exceeds 
AFC.
◦ Shut down and produce zero sandwiches because price is less than 
AVC.
◦ Decrease production so that 
AVC will decrease.
◦ Increase production so that 
AFC will decrease.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by newyorker26 on Apr 19, 2019

leahm14

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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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newyorker26

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Reply #2 on: Apr 19, 2019
Excellent


leahm14

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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