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Flag question B A 15 11 35 43 If a firm in a perfectly competitive market faces the

Flag question B A 15 11 35 43 If a firm in a perfectly competitive market faces the cost curves in the graph shown and observes a market price of $13, the firm: Select one: a. can make positive profits by producing more than 35 units. b. can make positive profts by producing where MC MR. c. cannot make positive profits and should shut down in the short run. d. should continue to operate in the short run, but plan to exit in the long run. This table represents the revehues faceu by Total Average Quantity Revenue Sold Revenue Price $1,000 $1,000 1 $1,800 2 $900 $2,400 $800 3 $700 $2,800 $600 5 $3,000 $500 $3,000 $400 $2,800 Using the information in the table shown, the marginal revenue of the 6th unit is: Select one: a. $0 b. -$200 c. $3,000. d. $500 esc On 00ם un

Feb 01 2020 View more View Less

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