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Author Question: Samurai Sam's, a producer of frozen sushi, is a monopolistically competitive firm. The firm is ... (Read 85 times)

mmm

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on: Apr 19, 2019

Question 1

To maximize profit, a ________ firm will produce where marginal revenue equals marginal cost.


◦ monopolistically competitive
◦ perfectly competitive
◦ monopolistic
◦ All of these are correct.

Question 2

Samurai Sam's, a producer of frozen sushi, is a monopolistically competitive firm. The firm is currently selling frozen California rolls at a $4 price. Samurai Sam's marginal cost is $1.75 and its marginal revenue is $1.50. The firm should ________ to maximize profits in the short run.


◦ increase output to where price just equals marginal cost
◦ decrease output to where price just equals marginal cost
◦ continue to produce the same output level
◦ Indeterminate from the given information.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by mmm on Apr 19, 2019

Silverbeard98

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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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mmm

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Reply #2 on: Apr 19, 2019
Thanks


Silverbeard98

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Reply #3 on: Apr 19, 2019
Welcome :)


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