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Question 1

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Use the following to answer question: Use the following to answer question: -(Table: Total Cost and Output) Use Table: Total Cost and Output,which describes Sergei's total costs for his perfectly competitive all-natural ice cream firm.If the market price of a tub of ice cream is $20,how many tubs of ice cream will Sergei produce in the short run? A) 0 B) 1 C) 2 D) 3
-(Table: Total Cost and Output) Use Table: Total Cost and Output,which describes Sergei's total costs for his perfectly competitive all-natural ice cream firm.If the market price of a tub of ice cream is $20,how many tubs of ice cream will Sergei produce in the short run?


A) 0
B) 1
C) 2
D) 3

Correct Answer:

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