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Author Question: Henry, a perfectly competitive lime grower in Southern California, notices that the market price of ... (Read 110 times)

haleyc112

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on: May 24, 2019
Henry, a perfectly competitive lime grower in Southern California, notices that the market price of limes is greater than his marginal cost. What should Henry do?
◦ expand his output to increase profits
◦ shut down and incur a loss equal to his total fixed cost
◦ advertise his limes to be able to sell more output
◦ look for the output level where marginal revenue minus marginal cost is maximized
◦ shut down and earn no profit but also incur no loss
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by haleyc112 on May 24, 2019

okolip

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Reply #1 on: May 24, 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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haleyc112

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Reply #2 on: May 24, 2019
TY


okolip

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Reply #3 on: May 24, 2019
You're welcome


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