ECON.TODAY (COMPLETE)-TEXT ONLY
18th Edition
ISBN: 9780133882285
Author: Miller
Publisher: PEARSON
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Question
Chapter 23, Problem 1CTQ
To determine
The type of short run average cost, below which, the price of ethanol has dropped.
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Students have asked these similar questions
The marginal cost of producing the third unit of output is
The correct answer to whether it should be produced is that the firm should produce in the short term if it can either make a profit or a loss less than its total costs.
True or false
That is not what I was asking. I know how to solve the problem but what i was asking is whether the firm should start to produce because in the first unit the MC is more than the price which is against the maximization rule
Chapter 23 Solutions
ECON.TODAY (COMPLETE)-TEXT ONLY
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