(Solution) If There Are Xed Costs Of Production In A Competitive Industry, The Q That Solves The Rm's Rst-order Condition (a) Will Also Solve The Rm's... | Snapessays.com


(Solution) If there are xed costs of production in a competitive industry, the q that solves the rm's rst-order condition (a) will also solve the rm's...


If there are ?xed costs of production in a competitive industry, the q that solves the ?rm’s ?rst-order condition(a) will also solve the ?rm’s second-order condition.(b) is the q that leads to the highest possible consumer surplus.(c) is the same as the q that minimizes AC and AVC.(d) is the same as the q that minimizes only AC.Answer is Dwhy?

 


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This question was answered on: May 23, 2022

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