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Author Question: Refer to the information provided in Figure 15.6 below to answer the question(s) that follow. Refer ... (Read 30 times)

123654777

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on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 15.6 below to answer the question(s) that follow.










Refer to Figure 15.6. If Trollio's T-shirts is in long-run equilibrium, it is producing ________ silk-screened T-shirts and selling each T-shirt at a price of ________.


◦ 20; $5
◦ 50; $10
◦ 50; $16
◦ 60; $15

Question 2

Refer to the information provided in Figure 15.6 below to answer the question(s) that follow.










Refer to Figure 15.6. If Trollio's T-shirts is producing 50 silk-screened T-shirts and selling each T-shirt at $16, then in the long run this firm should


◦ exit the industry, as it is earning a zero economic profit.
◦ increase output to 60 silk-screened T-shirts.
◦ reduce output to try to increase profits.
◦ continue to produce 50 silk-screened T-shirts and sell each T-shirt for $16.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by 123654777 on Apr 19, 2019

frre432

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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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123654777

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Reply #2 on: Apr 19, 2019
TY


frre432

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


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