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Economics 10th Edition by William McEachern
النسخة 10الرقم المعياري الدولي: 978-1133188124Economics 10th Edition by William McEachern
النسخة 10الرقم المعياري الدولي: 978-1133188124 تمرين 11
SHORT-RUN PROFIT MAXIMIZATION A perfectly competitive firm has the following fixed and variable costs in the short run. The market price for the firm's product is $150.
a. Complete the table.
b. At what output rate does the firm maximize profit or minimize loss?
c. What is the firm's marginal revenue at each positive rate of output? Its average revenue?
d. What can you say about the relationship between marginal revenue and marginal cost for output rates below the profit-maximizing (or loss-minimizing) rate? For output rates above the profit-maximizing (or loss-minimizing) rate?
a. Complete the table.
b. At what output rate does the firm maximize profit or minimize loss?
c. What is the firm's marginal revenue at each positive rate of output? Its average revenue?
d. What can you say about the relationship between marginal revenue and marginal cost for output rates below the profit-maximizing (or loss-minimizing) rate? For output rates above the profit-maximizing (or loss-minimizing) rate?
التوضيح
موثّق
موثّق
Fixed cost:
Fixed cost refers to those ...
Economics 10th Edition by William McEachern
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