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Micro Unit 3.7 CW: PC (Letters)

Last updated 10 months ago

7 Nsɛmmisa

1

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1.

The profit maximizing output is __________ units.

1

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2.

At the profit maximizing output, average variable cost is ________.

1

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3.

From the profit maximizing output, total profit is ________. (alphabetical please)

1

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4.

For any level of output, total fixed cost is ____________. (Alphabetical please)

2

2

1

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5.

The short run supply curve is the curve. (Answer using acronyms)

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6.

The long run supply curve is the curve.

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7.

This represents a ________________ competitive firm. (one word)