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Author Question: Refer to the data provided in Table 9.4 below to answer the question(s) that follow. Refer to Table ... (Read 79 times)

aabwk4

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Question 1

If 
________, a firm would shut down in the short run and exit the industry in the long run.


TR > 
TVC but 
TR < 
TC
TR = 
TC
TR > 
TFC
TR < 
TVC

Question 2

Refer to the data provided in Table 9.4 below to answer the question(s) that follow.








Refer to Table 9.4. If the market price is $34 and the firm produces 4 units of output, then its profit would be


◦ -$100.
◦ -$88.
◦ $0.
◦ $36.


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Marked as best answer by aabwk4 on Apr 19, 2019

ApricotDream

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aabwk4

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Reply 2 on: Apr 19, 2019
Gracias!


cam1229

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Reply 3 on: Yesterday
Excellent

 

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