The CEO of a major automaker overheard one of its division managers make the following statement regarding the rm's production plans: "In order to maximize prots, it is essential that we operate at the minimum point of our average total cost curve." If you were the CEO of the automaker, would you praise or chastise the manager? Explain.
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Business, 22.06.2019 18:00, firesoccer53881
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Business, 22.06.2019 19:10, lizzlegnz999
After the price floor is instituted, the chairman of productions office buys up any barrels of gosum berries that the producers are not able to sell. with the price floor, the producers sell 300 barrels per month to consumers, but the producers, at this high price floor, produce 700 barrels per month. how much producer surplus is created with the price floor? show your calculations.
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The CEO of a major automaker overheard one of its division managers make the following statement reg...
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