Suppose a perfectly competitive firm faces the following short-run cost and revenue conditions: ATC= $12.00; AVC = $8.00; MC = $12.00; MR = $10.00. The firm should Select one: hand written plz OA. increase price. OB. increase output. OC. change nothing. OD. decrease output.

Suppose a perfectly competitive firm faces the following short-run cost and revenue conditions: ATC= $12.00; AVC = $8.00; MC = $12.00; MR = $10.00. The firm should Select one: hand written plz OA. increase price. OB. increase output. OC. change nothing. OD. decrease output.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter8: Perefect Competition

Section: Chapter Questions

Problem 10SQP

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Question

Suppose a perfectly competitive firm faces the following short-run cost and revenue conditions:
ATC= $12.00; AVC = $8.00; MC = $12.00; MR = $10.00. The firm should
Select one:
hand written plz
O A. increase price.
OB. increase output.
OC. change nothing.
O D. decrease output.

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