Business

Business, 30.07.2019 12:30, Dweath50

When a firm experiences continually declining average total costs, the firm is a price taker?

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Business, 23.07.2019 16:40, taraupchurch23

When a firm experiences continually declining average total costs, the firm is a?

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Business, 28.09.2019 02:20, krystalruby1219

If a firm's average total cost is less than price where mr = mc, a. the firm should cut back on its output to lower its cost. b. the firm should raise its price. c. the firm should produce if its price exceeds average variable cost. d. the firm should shut down.

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Business, 23.10.2019 17:00, bombbomb8449

Which of the following is not true of a monopolistically competitive firm? a. the firm will maximize profits by producing where mr = mc. b. the firm will not likely earn an economic profit in the long run. c. the firm will produce an efficient quantity where average total cost is minimized. d. the firm will shut down if price is less than average variable cost.

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Mathematics, 16.11.2019 02:31, alisonmrodriquez1450

When the price faced by a competitive firm was $5, the firm produced nothing in the short run. however, when the price rose to $10, the firm produced 100 tons of output. from this we can infer that the firm's total cost of producing 100 tons is less than $1000 the minimum value of the firm's average variable cost lies between $5 and $ 10 the firm's marginal cost of production never fall below $5 the firm's average cost of production was less than $10 the firm's marginal cost curve must be flat.

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