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Other Fields Homework Help Economics Topic started by: apadong on Jun 27, 2017



Title: Corn is produced in a perfectly competitive market. The demand for ethanol increases. This will ...
Post by: apadong on Jun 27, 2017
Corn is produced in a perfectly competitive market. The demand for ethanol increases. This will cause the individual corn farmerʹs marginal revenue to ________ and their profit maximizing level of output to ________.
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease


Title: Re: Corn is produced in a perfectly competitive market. The demand for ethanol increases. This will ...
Post by: DeToXiFY on Jun 27, 2017
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Title: Re: Corn is produced in a perfectly competitive market. The demand for ethanol increases. This will ...
Post by: apadong on Aug 25, 2017
Update: Correct!