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Question
Submitted by myl_ch on Mon, 2012-07-30 10:42
due on Fri, 2012-08-03 10:37
answered 2 time(s)
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Economics for Managers Book

Please answer the 4 black highlighted questions

 

question one on page 187

question two and three on page 220

 question four on page 247

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Answer
Submitted by smartwriter on Tue, 2012-07-31 04:21
teacher rated 1218 times
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purchased one time
price: $20.00

QUESTION ONE GRAPH 1 In the first graph where the Average Total Cost (AVC) Curve is greater than the Marginal Revenue (MR) curve, the firm is said to be making Losses. The loss minimization point is the point where the MR equals the MC. The firm should p

body preview (11 words)

xxxxxxxx is the xxxxxx xxx xxxxxxxxxx xxx Managers Book".

xxxxxxxx
xxxxxxxxxxx

file1.doc preview (479 words)

xxxxxxxx ONE

GRAPH 1

xx xxx first xxxxx where xxx xxxxxxx Total Cost (AVC) Curve xx xxxxxxx xxxx xxx xxxxxxxx xxxxxxx xxxx xxxxxx the xxxx is xxxx xx xx xxxxxx Losses. The xxxx xxxxxxxxxxxx point xx the point xxxxx xxx MR equals xxx MC. The firm should produce at xxx xxxxxx xxxxx xxxxx xxx xxxxxxxx xxxxxxx equals xxx Marginal xxxxx xxx xxxx should xxxxxxxx xx xxxxxxx in xxx short xxxx xxxx is because when xx xxxxxxxx xx xxx xxxxxx xxxxx xxxxx xxx MR equals xxx MC, the xxxxx is higher xxxx xxx Average Total Cost xxx xxxx at xxxx point is lower xxxxxxxx to xxx resulting xxxx when the xxxx xxxxxxxxxx xxxxx down. This decision xx continue running xxx xxxxxxxx xx mostly made xxxxxxx xxx xxxx must xxx its xxxxx xxxxx and xxxxxxxxx shutting xxxx is xxx the xxxx xxxxxxxxx

xxxxx 2

xx

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Answer
Submitted by smartwriter on Tue, 2012-07-31 04:20
teacher rated 1218 times
4.45813
price: $20.00

QUESTION ONE GRAPH 1 In the first graph where the Average Total Cost (AVC) Curve is greater than the Marginal Revenue (MR) curve, the firm is said to be making Losses. The loss minimization point is the point where the MR equals the MC. The firm should p

body preview (12 words)

Attached xx xxx answer xxx xxxxxxxxxx xxx xxxxxxxx xxxxxx

 

Regards,

Kingzero

file1.doc preview (482 words)

xxxxxxxx ONE

GRAPH 1

In the xxxxx graph where the Average Total Cost xxxxx xxxxx is xxxxxxx xxxx the Marginal Revenue (MR) curve, xxx xxxx is said xx xx making xxxxxxx xxx xxxx minimization point xx the xxxxx where the MR xxxxxx xxx MC. The firm xxxxxx xxxxxxx at xxx output xxxxx where the Marginal xxxxxxx equals the xxxxxxxx Cost. The firm should xxxxxxxx to operate xx xxx short run. xxxx is xxxxxxx when xx xxxxxxxx xx xxx xxxxxx xxxxx xxxxx the MR xxxxxx the MC, xxx xxxxx is higher xxxx xxx xxxxxxx Total xxxx and loss at xxxx xxxxx xx xxxxx compared to the xxxxxxxxx loss xxxx xxx firm xxxxxxxxxx shuts down. xxxx decision to continue xxxxxxx the xxxxxxxx is mostly xxxx xxxxxxx the firm must xxx xxx xxxxx costs and xxxxxxxxx shutting xxxx xx not the best xxxxxxxxx

GRAPH xx

In

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