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Author Question: Consider three firms, A, B and C, all producing kilos of potatoes (per year) in a perfectly ... (Read 63 times)

ahunt13

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on: Oct 12, 2022

Consider three firms, A, B and C, all producing kilos of potatoes (per year) in a perfectly competitive market. The diagrams below show marginal cost curves for each of the three firms.



FIGURE 12-1

Refer to Figure 12-1. Suppose each of Firms A, B and C are producing 500 kilos of potatoes. Keeping total output unchanged, what level of output should each firm be producing such that the industry is productively efficient?


◦ Firm A: 500 kilos, Firm B: 500 kilos, Firm C: 500 kilos
◦ Firm A: 500 kilos, Firm B: 200 kilos, Firm C: 200 kilos
◦ Firm A: 200 kilos, Firm B: 500 kilos, Firm C: 800 kilos
◦ Firm A: 700 kilos, Firm B: 800 kilos, Firm C: 0 kilos
◦ Firm A: 500 kilos, Firm B: 800 kilos, Firm C: 200 kilos
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Marked as best answer by ahunt13 on Oct 12, 2022

jamezpowell

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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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ahunt13

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

Mochi

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Reply 3 on: Yesterday
Wow, this really help

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