Author Question: Refer to the information provided in Figure 12.4 below to answer the question(s) that follow. There ... (Read 32 times)

wenmo · **on:** Apr 19, 2019

Question 1

Refer to the information provided in Figure 12.4 below to answer the question(s) that follow.

There are two sectors in the economy, X and Y, and both are in long-run, zero-profit equilibrium at the intersections of S⁰ and D⁰.

Refer to Figure 12.4. Currently in sector
X, price is

◦ greater than average cost.
◦ less than average cost.
◦ equal to average cost.
◦ More information is needed to answer the question.

Question 2

Refer to the information provided in Figure 12.4 below to answer the question(s) that follow.

There are two sectors in the economy, X and Y, and both are in long-run, zero-profit equilibrium at the intersections of S⁰ and D⁰.

Refer to Figure 12.4. Currently in sector
Y, price is

◦ greater than average cost.
◦ less than average cost.
◦ equal to average cost.
◦ More information is needed to answer the question.

Ashley I · **Reply #1 on:** Apr 19, 2019

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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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