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sgy_89 sgy_89
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7 years ago
The Lazy Z Ranch is a purely competitive firm producing hogs. Its owner anticipates that at the output where MR = MC, the firm's total costs will be $500,000, its total variable costs will be $300,000, and the firm will earn $250,000 in revenue. This firm should
A) raise the price of its hogs.
B) shut down to minimize its loss.
C) continue to produce the present output to minimize its loss.
D) expand its output.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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7 years ago
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sgy_89 Author
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7 years ago
Brilliant
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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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