Microeconomics, 7e (Pindyck/Rubinfeld)

86) Refer to Figure 8.2. How much profit will the firm earn if price stays at $80? A) $0. B) $306. C) $312. D) $1000. E) $1024. Answer: E. Diff: 1. Section: 8.7. 87) Refer to Figure 8.2. As the firm makes its long-run adjustment, which must be true? A) It takes advantage of increasing returns to scale. B) It suffers from decreasing returns to ... ................
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