EBK MICROECONOMICS
2nd Edition
ISBN: 8220103679701
Author: List
Publisher: YUZU
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Question
Chapter 7, Problem 8P
(a)
To determine
Average cost and marginal cost from the given table.
(b)
To determine
The quantity, the firm should produce in order to maximize its profits.
(c)
To determine
The quantity plant 2 of the firm should produce in order to maximize the profits.
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Multiple choice - microeconomics
43) What will entry into a market by new firms do?
A. It will increase the price of the good
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D. changes in firms’ profits
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