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Estimate the Average Cost

eBook (PDF), 6 Pages
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Price: $5.99
"a) At this output level, calculate the average cost and the marginal cost. b) Draw a diagram showing the current situation of the firm. c) In addition to the above information, suppose the price of the output is $13/unit, if the firm wants to maximize its profit, what should it do? Explain in detail with the aid of a diagram. d) Suppose the price of the output is $16/unit instead, if the firm wants to maximize its profit, what should it do? Explain in detail with the aid of a diagram. "
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Product Details

Published
March 22, 2013
Language
English
Pages
6
File Format
PDF
File Size
468.96 KB

Formats for this Ebook

PDF
Required Software Any PDF Reader, Apple Preview
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch... (See More)
# of Devices Unlimited
Flowing Text / Pages Pages
Printable? Yes
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