a corn farmer will tend to expand his output as long as the price of corn exceeds aversge variabke cost and: a) marginal cost is smaller than the market price b) marginal revenue is larger than the market price of corn c) marginal revenue is positive d) marginal revenue is kess than the market price of corn

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Question

9.

a corn farmer will tend to expand his output as long as the price of corn exceeds aversge variabke cost and: a) marginal cost is smaller than the market price

b) marginal revenue is larger than the market price of corn c) marginal revenue is positive

d) marginal revenue is kess than the market price of corn

Oa
Question 5
A corn farmer will tend to expand his output as long as the price of corn exceeds
average variable cost and
A marginal cost is smaller than the market price of com
B. marginal revenue is larger than the market price of corn.
C. marginal revenue is positive
D. marginal revenue is less than the market price of corn
Od
Or
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Question 6
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Transcribed Image Text:Oa Question 5 A corn farmer will tend to expand his output as long as the price of corn exceeds average variable cost and A marginal cost is smaller than the market price of com B. marginal revenue is larger than the market price of corn. C. marginal revenue is positive D. marginal revenue is less than the market price of corn Od Or Ob Question 6 5 T G B 6 Y H N 00 N כ J M K O O L
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