Business, 23.12.2020 21:00 drandbone92
Using the information from the table below, answer the following questions.
ProductionTotal cost
0 80
1 140
2 180
3 200
4 240
5 320
6 420
7 540
8 680
a. Total average costs for the production of 4 products.
b. Marginal cost for the production of the 6th product.
c. If its price is 100$, find the maximum profit for a perfectly competitive firm (MR=MC).
Answers: 2
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Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.
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Using the information from the table below, answer the following questions.
ProductionTotal cost
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