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Author Question: The Specialty Cake Store, a monopolistically competitive firm, is producing 200 decorated cakes per ... (Read 51 times)

stevenposner

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on: Apr 19, 2019

The Specialty Cake Store, a monopolistically competitive firm, is producing 200 decorated cakes per day and selling each cake for $17. At that production level, 
ATC is $20, 
AVC is $15, 
AFC is $5, and both 
MR and 
MC are $8. This firm should


◦ continue to produce 200 cakes, as price is greater than 
AVC.
◦ increase output to the point where price equals marginal cost.
◦ decrease output to the point where price equals average total cost.
◦ shut down and produce zero cakes and just pay fixed costs.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by stevenposner on Apr 19, 2019

kxciann

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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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stevenposner

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Reply #2 on: Apr 19, 2019
TY


kxciann

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Reply #3 on: Apr 19, 2019
You're welcome


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