ECS 2601 ASSIGNMENT 2
Johns Hopkins University
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ECS 2601 ASSIGNMENT 2
- Exam (elaborations) • 9 pages • 2021
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1. That the firm is perfectly competitive is evident from its …
1. constant marginal revenue.
2. increasing marginal cost.
3. increasing total cost.
4. zero economic profit.
2. The maximum profit available to the firm is …
1. R20
2. R30
3. R35
4. R155
This study source was downloaded by from CourseH on 08-19-2021 12:06:45 GMT -05:00
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shared via CourseH
3. The average cost for the firm in the table above ...
1. cannot be determined from the information g...
Exam (elaborations)
ECS 2601 ASSIGNMENT 2
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1. That the firm is perfectly competitive is evident from its … 1. constant marginal revenue. 2. increasing marginal cost. 3. increasing total cost. 4. zero economic profit. 2. The maximum profit available to the firm is … 1. R20 2. R30 3. R35 4. R155 This study source was downloaded by from CourseH on 08-19-2021 12:06:45 GMT -05:00 This study resource was shared via CourseH 3. The average cost for the firm in the table above ... 1. cannot be determined from the information g...
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