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Author Question: When comparing a growth maximising firm with a short-run profit maximising firm which one of the ... (Read 77 times)

rachel9

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on: May 25, 2020

Question 1

The following diagram shows cost and revenue curves for a sales revenue maximising firm.



At what price and output will the firm produce?
◦ P2; Q2
◦ P1; Q1
◦ P3; Q3
◦ P4; Q4

Question 2

When comparing a growth maximising firm with a short-run profit maximising firm which one of the following (in the short run) is likely for the growth maximising firm?
◦ A lower price relative to average cost
◦ A lower equilibrium output
◦ A lower level of advertising
◦ A lower level of investment
◦ A higher price elasticity of demand at the price charged by the firm
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by rachel9 on May 25, 2020

ecabral0

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Reply #1 on: May 25, 2020
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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rachel9

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

komodo7

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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