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Unformatted text preview: beer increases, we would expect to see: Selected Answer: C. a decrease in the demand for pretzels. Correct Answer: C. a decrease in the demand for pretzels. Question 10 3 out of 3 points A company is producing 1,000 units. At this output level, price is $1.50, and marginal revenue is $1.25. Average total cost is $1.10 and marginal cost is $1.40. What can we conclude from this information? Selected Answer: C. The company is producing too much. Correct Answer: C. The company is producing too much....
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This note was uploaded on 04/14/2010 for the course ECONOMICS 2345 taught by Professor Jamison during the Spring '10 term at York University.
- Spring '10