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Author Question: Consider the following total cost schedule for a perfectly competitive firm producing ball-point ... (Read 16 times)

jrobl3

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on: Oct 12, 2022

Question 1

Consider the following total cost schedule for a perfectly competitive firm producing ball-point pens.

Output 
per period		TVC ($)TFC ($)
 005
1025
2035
3065
40105
50155
TABLE 9-2

Refer to Table 9-2. If this firm were producing at an output level of 30 units, the AFC would be ________ and the AVC would be ________.
◦ $0.20; $0.17
◦ $0.17; $0.20
◦ $6; $5
◦ $0.10; $0.30
◦ $5; $6

Question 2

Consider the following total cost schedule for a perfectly competitive firm producing ball-point pens.

Output 
per period		TVC ($)TFC ($)
 005
1025
2035
3065
40105
50155
TABLE 9-2

Refer to Table 9-2. This firm would produce no output in the short run if the market price of its output
◦ dropped below $0.30.
◦ dropped below $0.20.
◦ dropped below $3.00.
◦ dropped below $0.15.
◦ dropped below $2.00.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jrobl3 on Oct 12, 2022

FireandIce

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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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jrobl3

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Reply 2 on: Oct 12, 2022
Gracias!

LegendaryAnswers

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Reply 3 on: Yesterday
Excellent

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