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Author Question: Consider the following total cost schedule for a perfectly competitive firm producing ball-point ... (Read 47 times)

Mscarter

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on: Oct 12, 2022
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. Suppose the prevailing market price for this firm's product is $0.42 and the firm produces its profit-maximizing level of output. At this price,
◦ the firm should decrease output.
◦ the firm should increase output.
◦ the firm is earning zero economic profits.
◦ the firm is suffering economic losses and this firm will exit the industry.
◦ the firm is earning positive economic profits.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Mscarter on Oct 12, 2022

Rcfelber

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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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Mscarter

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

kswal303

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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