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Essay's paper info
| Topic: |
Business
|
| Number of pages / Number of words: |
14 / 3828 |
Essay's paper body
When the Figure XII firm is maximizing profits, it will have ______ economic profits and will _______ in the short run.
a) negative; choose to produce
b) positive; choose to produce
c) zero; shut down
d) negative; leave the industry
e) negative; shut down
12. If preferences change for the product depicted in Figure XII such that the product becomes more attractive to consumers, we can expect that:
a) the demand curve will shift to the right
b) the profit-maximizing output will increase
c) the profit-maximizing price will increase
d) economic profits will increase
e) all of the above
13...
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If preferences change for the product depicted in Figure XII such that the product becomes more attractive to consumers, we can expect that:
a) the demand curve will shift to the right
b) the profit-maximizing output will increase
c) the profit-maximizing price will increase
d) economic profits will increase
e) all of the above
13...
Essay fragment
General points of the essay
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