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Author Question: The Speedy Typesetting Company, a perfectly competitive firm, is currently producing where P= MC and ... (Read 95 times)

jrubin

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on: Apr 19, 2019

The Speedy Typesetting Company, a perfectly competitive firm, is currently producing where 
P = 
MC and is earning a normal profit. The firm mainly employs minimum wage workers and the government just increased the minimum wage from $7.25 to $9.55 per hour. In the short run, this firm will most likely


◦ reduce the amount of output it produces because its cost curves have shifted up and to the left.
◦ continue to produce the same amount of output because only its fixed costs have increased.
◦ produce more units of output to increase revenue to cover the additional fixed costs.
◦ shut down because it will no longer be earning a normal profit.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by jrubin on Apr 19, 2019

Brenm

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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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jrubin

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Reply #2 on: Apr 19, 2019
Thanks


Brenm

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Reply #3 on: Apr 19, 2019
Welcome :)


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