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Author Question: Consider the following short-run cost curves for a profit-maximizing firm in a perfectly competitive ... (Read 58 times)

redpassion

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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 9-6

Refer to Figure 9-6. If the market price is $5.7, the profit-maximizing level of output is


◦ 1500 units.
◦ 1200 units.
◦ 900 units.
◦ less than 900 units.
◦ more than 1500 units.

Question 2

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



FIGURE 9-6

Refer to Figure 9-6. If the market price is $5.7, at the profit-maximizing level of output the firm's total revenue is


◦ more than $8550.
◦ $1500.
◦ $7050.
◦ $1200.
◦ $8550.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by redpassion on Oct 12, 2022

feiojef

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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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redpassion

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

sultansheikh

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

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