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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | Apr 2017 |
| Last Sign in: | 363 Weeks Ago, 5 Days Ago |
| Questions Answered: | 352 |
| Tutorials Posted: | 351 |
MBA,PHD in Psychology
Northwest Florida State College
Jun-1992 - May-1997
Professor
Northwest Florida State College,
Aug-2006 - Nov-2015
The accompanying graph shows the short-run demand and cost situation for a price searcher in a market with low barriers to entry.
a. What level of output will maximize the firm's profit level? .
b. What price will the firm charge?
c. How much revenue will the firm receive in this situation? How much is total cost? Total profit? d. How will the situation change over time?

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