Refer to Figure 15.2. From societyʹs viewpoint, the efficient level of output is ________ perms.a ) 40b ) 50c ) 60d ) 80 Önceki Demand and cost conditions for We Do HairMC32ATC282420D`MR40 46 50 60Number of permsFigure 15.2Dollars

Marginal revenue= change in total revenue/change in quantity

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viewpoint, the efficient level of output is ________ perms. a ) 40 b ) 50 c ) 60 d )

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 11RQ: What is die difference between accounting and economic profit?

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Question

Refer to Figure 15.2. From societyʹs viewpoint, the efficient level of output is ________ perms.

a )

40
b )

50
c )

60
d )

80

Demand and cost conditions for We Do Hair
MC
32
ATC
28
24
20
D
`MR
40 46 50 60
Number of perms
Figure 15.2
Dollars

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