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Practice Problem of the Day, 11/20/2013

November 20th, 2013 · 1 Comment
Practice Problem of the Day

This video shows how to determine at what prices a firm will be making an economic profit and at what prices a firm will want to shut down. It also explains at what prices a firm’s supply curve will give positive quantities of production The problem is taken from Principles of Microeconomics by Dirk Mateer and Lee Coppock, and is Ch. 9 problem #5.

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1 response so far ↓

  • 1 Rohan // Apr 21, 2015 at 5:45 pm

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