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If a firm is willing to supply the 1,000th unit of a good at a price of $23 or more, we know that $2

Loraine

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If a firm is willing to supply the 1,000th unit of a good at a price of $23 or more, we know that $2

If a firm is willing to supply the 1,000th unit of a good at a price of $23 or more, we know that $23 is the
A) highest price the seller hopes to realize for this output.
B) minimum price the seller must receive to produce this unit.
C) average price of all the prices the seller could charge.
D) price that sets the marginal benefit equal to the price.
E) only price for which the seller is willing to sell this unit of the good.

Textbook

Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

Read 178 times

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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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Sydnie

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Loraine Author

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9 years ago

Brilliant ツ

Transonic

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You make an excellent tutor!

kiara23247843

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Correct

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