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Author Question: In order to decide the appropriate output to produce, the manager of a perfectly competitive firm ... (Read 76 times)

moore.cailinf

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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 9-3

Refer to Figure 9-3. If the market price is $5, total cost is


◦ $3000.
◦ $2800.
◦ $700.
◦ $2100.
◦ $3500.

Question 2

In order to decide the appropriate output to produce, the manager of a perfectly competitive firm needs to know
◦ the industry or market demand.
◦ the industry or market supply.
◦ the prevailing market price for the firm's output.
◦ its competitors' market strategies.
◦ what other firms in the industry are producing.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by moore.cailinf on Oct 12, 2022

wangyichun

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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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moore.cailinf

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

lcapri7

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Reply 3 on: Yesterday
Wow, this really help

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