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7.b) Assuming the perfectly competitive firm of Figure 8.8  survives in the long-run, it produces a. 200 b. 275 c. 475 d. 575 e. None of the above Explain:   Kindly See Attached Image. Please use as much detail as possible in the answers.

7.b) Assuming the perfectly competitive firm of Figure 8.8  survives in the long-run, it produces a. 200 b. 275 c. 475 d. 575 e. None of the above Explain:   Kindly See Attached Image. Please use as much detail as possible in the answers.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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7.b) Assuming the perfectly competitive firm of Figure 8.8  survives in the long-run, it produces

a.

200

b.

275

c.

475

d.

575

e.

None of the above

Explain:

 

Kindly See Attached Image.

Please use as much detail as possible in the answers.

Figure 8 -8 Dollars per Unit MC ATC $10 d = MR = AR $8 $7 $5 | 200 275 475 575 Units of Output
Transcribed Image Text:Figure 8 -8 Dollars per Unit MC ATC $10 d = MR = AR $8 $7 $5 | 200 275 475 575 Units of Output
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