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ineedthebioq ineedthebioq
wrote...
Posts: 324
A week ago

Question 1.

Figure 12-9



Figure 12-9 shows cost and demand curves facing a profit-maximizing, perfectly competitive firm.



Refer to Figure 12-9. At price P1, the firm would produce



Q1 units



Q3 units.



Q5 units.



zero units.



Question 2.

Figure 12-9



Figure 12-9 shows cost and demand curves facing a profit-maximizing, perfectly competitive firm.



Refer to Figure 12-9. At price P2, the firm would produce



Q2 units.



Q3 units.



Q4 units.



zero units.

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InMicro


Edition: 1st
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Answer verified by a subject expert
Kutthroat KaneKutthroat Kane
wrote...
Posts: 322
A week ago
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Answer 1

zero units.



Answer 2

Q2 units.

1

Related Topics

wrote...
A week ago

Question 1.

Figure 12-9



Figure 12-9 shows cost and demand curves facing a profit-maximizing, perfectly competitive firm.



Refer to Figure 12-9. Identify the short-run shut down point for the firm.



a



b



c



d



Question 2.

Figure 12-9



Figure 12-9 shows cost and demand curves facing a profit-maximizing, perfectly competitive firm.



Refer to Figure 12-9. Identify the firm's short-run supply curve.



the marginal cost curve



the marginal cost curve from a and above



the marginal cost curve from b and above



the marginal cost curve from d and above

wrote...
A week ago

Answer 1

b



Answer 2

the marginal cost curve from b and above

wrote...
A week ago
This site is awesome!
wrote...
A week ago
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