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Business, 07.06.2021 17:10 marialuis2732
Plastic and Co manufactures industrial plastic containers. As petroleum prices fall, the price of plastic materials also falls. As a result,
a: Plastic and Co’s marginal cost curve will shift.
b: The market price for the plastic containers will rise, other things equal.
c: The fixed cost curve for Plastic and Co would shift downward.
d: Average cost curve of plastic containers will shift upward.
When , a competitive firm will produce and earn economic profits.
a: marginal revenue is rising
b: marginal costs are decreasing
c: marginal revenue is above average costs
d: marginal revenue = average total cost = marginal costs
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Plastic and Co manufactures industrial plastic containers. As petroleum prices fall, the price of pl...
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