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Author Question: Refer to the data provided in Table 9.1 below to answer the question(s) that follow. Refer to Table ... (Read 171 times)

ss2343

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Question 1

Refer to the data provided in Table 9.1 below to answer the question(s) that follow. 











Refer to Table 9.1. If the market price is $10, then for this firm to maximize profits it should produce ________ unit(s) of output.


◦ zero
◦ one
◦ two
◦ three

Question 2

Refer to the data provided in Table 9.1 below to answer the question(s) that follow. 











Refer to Table 9.1. If the market price is $42, then for this firm to maximize profits it should produce ________ units of output and its profits will be ________.


◦ five; $70
◦ six; $70
◦ six; $120
◦ seven; $58


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Marked as best answer by ss2343 on Apr 19, 2019

xthemafja

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