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The following figure shows MC, AC, AVC, and MR for a firm in a perfectly competitive market. The firm wished to choose an output that leads to maximum profit.
a) At what level of output will the firm operate?
b) What price will the firm charge?
c) What line indicates average cost at the maximum profit output?
d) What line indicates marginal cost at the maximum profit output?
e) Which block indicates the total cost of producing the maximum profit output?
f) Which block indicates the firm's total revenue at maximum profit output?
g) Which block indicates the firm's profit at maximum-profit output?
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plan for implementation of net productthe ceo of your company mr. gilbert has explained to you that the board is
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Hani has two goods available to purchase, bushes (B) and trees (T). He has perfect substitute preferences, and is always willing to trade 3 bushes for 1 tree. If his marginal utility of a bush is 15, what is his marginal utility of a tree?
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For this assignment, you will submit a 15-20 slide PowerPoint presentation. Remember you are to create a professional-looking presentation with visual appeal and professional formatting.
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