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Category > Economics Posted 12 Jul 2017 My Price 6.00

excess capacity

4h Understanding excess capacity The following iable shin-rs the daily cost data and demand schedule For a typical firrn producing boa rd QEIITIE in a rnnnppcllisiically ccirrqnetitiye marloet in the short run. fill in the ire-lug in the Marginal Cost, Total Revenue, and Marginal Revenue cplumns in the Fallewr'ng table and then answer the demons that Fin-How. Quantity Price Total Cost: Marginal Crust Telal Revenue Marginal Revenue Average Total Cost
{Baa-rd ganja} {Dollars per-game} [Dollars] ffl'ullars] {Dollars} {Dollars} {Dollars}
1 12-0“ 1“ |:| l:l |:| l:l
2 1mm 1'5 |:| l:l |:| l:l
3 1.00 15‘ |:| l:l |:| l:l
:
E
5 4"“ 45 El l:l |:| l:l
1" 2'00 7“ l:l |:| l:l
Under rnuncipulistic mmpeljticin. a typical firm will produce |:| board games at a price of per board game in the shcurt run.
Based cm yciur calculations. the firm will 7 . fill in the Average Total Cost column in the memes tallle. Based cm yciur calculations, the level of ms capacity in this numpulistically competitive marloet is T .

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SuperTutor
(15)
Status NEW Posted 12 Jul 2017 02:07 AM My Price 6.00

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