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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 22 times)

storky111

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on: Apr 19, 2019

Question 1

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 $56 and the firm produces 5 units of output, then its profit would be


◦ -$100.
◦ -$88.
◦ $0.
◦ $36.

Question 2

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








Refer to Table 9.4. The market price is $84 and this firm is producing four units of output. Which of the following would you recommend to this firm?


◦ Continue producing four units of output, because the firm is able to make an economic profit.
◦ Increase output to six units, so that marginal cost equals marginal revenue.
◦ Reduce price to $34, so that marginal cost will equal marginal revenue at 4 units of output.
◦ Increase output to seven units so that price is less than marginal cost.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by storky111 on Apr 19, 2019

cloudre37

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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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storky111

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Reply #2 on: Apr 19, 2019
Excellent


cloudre37

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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