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Author Question: Refer to the information provided in Figure 9.4 below to answer the question(s) that follow. Refer ... (Read 11 times)

newyorker26

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on: Apr 19, 2019

Question 1

If the price of an input increases, each individual firm's marginal cost curve shifts ________ and the industry supply curve ________.


◦ downward; shifts to the left
◦ downward; shifts to the right
◦ up; does not change
◦ up; shifts to the left

Question 2

Refer to the information provided in Figure 9.4 below to answer the question(s) that follow. 









Refer to Figure 9.4. In the short run this firm should ________ and in the long run this firm should ________, if economic conditions do not change.


◦ shut down; exit the industry
◦ exit the industry; shut down
◦ continue to produce where 
MC = 
MR; expand
◦ continue to produce where 
MC = 
MR; shut down
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by newyorker26 on Apr 19, 2019

Expo

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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
YES! Correct, THANKS for helping me on my review

zacnyjessica

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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