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Author Question: Consider the following short-run cost curves for a profit-maximizing firm in a perfectly competitive ... (Read 62 times)

xjustxicex

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on: Oct 12, 2022

Question 1

Consider the following short-run cost curves for a profit-maximizing firm in a perfectly competitive industry.



FIGURE 9-2

Refer to Figure 9-2. If the market price is $1, the firm will produce ________ units of output in the short run.


◦ 0

◦ 300
◦ 400
◦ 100
◦ 200

Question 2

Consider the following short-run cost curves for a profit-maximizing firm in a perfectly competitive industry.



FIGURE 9-2

Refer to Figure 9-2. If the market price is $2, the firm will


◦ produce zero output and suffer a loss equal to its fixed cost.
◦ produce 300 units and make a loss equal to total variable cost.
◦ produce zero output and make zero profit.
◦ continue operating in the short run and suffer a loss that is less than its fixed cost.
◦ produce 200 units and make a loss equal to its total fixed cost.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by xjustxicex on Oct 12, 2022

rhhoagland

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Reply #1 on: Oct 12, 2022
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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xjustxicex

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

jackie

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Reply 3 on: Yesterday
Excellent

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