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tlc_71111 tlc_71111
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5 years ago
Suppose a perfectly competitive firm faces the following short-run cost and revenue conditions: ATC = $8.00; AVC = $5.00; MC = $8.00; MR = $7.00. The firm should

• decrease output.

• continue to produce its current output.

• increase price.

• increase output.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 44 times
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Do What Makes You Come Alive
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rand22rand22
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5 years ago
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tlc_71111 Author
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#2
5 years ago
Exactly what I needed for my project, TYSM
Do What Makes You Come Alive
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