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  3. Study Set
    Economics Principles and Policy Study Set 2
  4. Exam
    Exam 10: The Firm and the Industry Under Perfect Competition
  5. Question
    Table 10-1 -In Table 10-1 the Short-Run Cost Schedules of a Perfectly
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Table 10-1 -In Table 10-1 the Short-Run Cost Schedules of a Perfectly

Question 3

Question 3

Multiple Choice

Table 10-1 Table 10-1   -In Table 10-1 the short-run cost schedules of a perfectly competitive firm are shown.Suppose that the market price of output is $20, the firm will produce ____ units and earn a profit of ____. A) 6; $7.02 B) 6; $112,98 C) 8; $160 D) 4; $19
-In Table 10-1 the short-run cost schedules of a perfectly competitive firm are shown.Suppose that the market price of output is $20, the firm will produce ____ units and earn a profit of ____.


A) 6; $7.02
B) 6; $112,98
C) 8; $160
D) 4; $19

Correct Answer:

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