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    Principles of Microeconomics Study Set 4
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    Exam 9: Competitive Markets for Goods and Services
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    Use the Following to Answer Question(s)
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Use the Following to Answer Question(s)

Question 181

Question 181

Multiple Choice

Use the following to answer question(s) :
Exhibit: Marginal Decision Rule
Use the following to answer question(s) :  Exhibit: Marginal Decision Rule    -(Exhibit: Marginal Decision Rule)  Given the market price P<sub>1</sub>, Curve B is the _______ curve. A)  marginal revenue B)  marginal cost C)  marginal product D)  average fixed cost
-(Exhibit: Marginal Decision Rule) Given the market price P1, Curve B is the _______ curve.


A) marginal revenue
B) marginal cost
C) marginal product
D) average fixed cost

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