Refer to the data provided in Table 9.3 below to answer the ...

[B]

Question 1

Refer to the data provided in Table 9.3 below to answer the following question(s).








Refer to Table 9.3. If the market price is $20, then this firm will maximize profits by producing ________ units of output.

◦ zero
◦ one
◦ two
◦ three

Question 2

Refer to the data provided in Table 9.3 below to answer the following question(s).








Refer to Table 9.3. If the market price is $84, then this firm will maximize profits by producing ________ unit(s) of output and its profits will be ________.

◦ five; $140
◦ six; $140
◦ six; $240
◦ seven; $116

[s.meritte]

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Only 49% of students answer this correctly

[B]

Thanks

[s.meritte]

Welcome

[ashley]

Question 1

Refer to the data provided in Table 9.3 below to answer the following question(s).








Refer to Table 9.3. If the market price is $84, then in the long run the firm will

◦ operate and expand.
◦ operate but not expand.
◦ shut down, but not go out of business.
◦ go out of business.

Question 2

Refer to the data provided in Table 9.3 below to answer the following question(s).








Refer to Table 9.3. If the market price is $34, then in the long run the firm will

◦ operate and expand.
◦ operate but not expand.
◦ shut down, but not go out of business.
◦ go out of business.

[Kedrick2014]

Answer 1

operate and expand.

Answer 2

go out of business.

[magmichele12]

Question 1

Refer to the data provided in Table 9.3 below to answer the following question(s).








Refer to Table 9.3. If the market price is $34, then in the short run the firm will

◦ operate and expand.
◦ operate but not expand.
◦ shut down, but not go out of business.
◦ go out of business.

Question 2

Refer to the data provided in Table 9.3 below to answer the following question(s).








Refer to Table 9.3. If the market price is $30, then this firm will maximize profits by producing ________ units of output.

◦ three
◦ four
◦ five
◦ six

[Eunice618]

Answer 1

operate but not expand.

Answer 2

three

[magmichele12]

Thanks

[Eunice618]

Welcome