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Satsume Satsume
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Posts: 761
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6 years ago
Suppose a plant manager ignores some implicit marginal costs of production so that the perceived MC curve is below the actual MC curve.  What is the likely outcome from this error?
A) Firm produces less than optimal quantity and earns lower profits
B) Firm produces less than optimal quantity and earns higher profits
C) Firm produces more than optimal quantity and earns lower profits
D) Firm produces more than optimal quantity and earns higher profits
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 45 times
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boransalboransal
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Posts: 477
6 years ago
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Satsume Author
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6 years ago
This helped my grade so much Perfect
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Yesterday
Just got PERFECT on my quiz
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2 hours ago
Good timing, thanks!
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