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    Microeconomics Study Set 23
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    Exam 8: Profit Maximization and Competitive Supply
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    Figure 8.4.2 -Refer to Figure 8.4.2 Above. How Much Is the Profit
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Figure 8.4.2 -Refer to Figure 8.4.2 Above. How Much Is the Profit

Question 143

Question 143

Multiple Choice

  Figure 8.4.2 -Refer to Figure 8.4.2 above. How much is the profit lost when the farmer produces 6 sacks instead of 14 sacks? A)  $996 B)  $1.168 C)  $628 D)  None of the above. There is no profit lost because the farmer maximizes profit when it produces 6 sacks of coffee. Figure 8.4.2
-Refer to Figure 8.4.2 above. How much is the profit lost when the farmer produces 6 sacks instead of 14 sacks?


A) $996
B) $1.168
C) $628
D) None of the above. There is no profit lost because the farmer maximizes profit when it produces 6 sacks of coffee.

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