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Title: When price falls from P3 to P1, the firm finds that

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Q:

When price falls from P3 to P1, the firm finds that

           a.   fixed cost is higher at a production level of Q1 than it is at Q3.

           b.   it should produce Q1 units of output.

           c.    it should produce Q3 units of output.

           d.   it is unwilling to produce any output.


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Title: When price falls from P3 to P1, the firm finds that

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    • Posted Date: Apr 28, 2012 at 8:58:44 PM

    • The full tutorial is about words long

 
A:
...sp;        a.   fixed cost is higher at a production level of Q1 ...
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