2.2 Should a firm shut down if its weekly revenue is $1,000, its variable cost is $500,...

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2.2 Should a firm shut down if its weekly revenue is $1,000, its variable cost is $500, and its fixed cost is $800, of which $600 is avoidable if it shuts down? Why?

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Microeconomics

ISBN: 9780133456912

7th Edition

Authors: Jeffrey M. Perloff

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Question Posted: Nov 15, 2024 05:00 AM

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2.2 Should a firm shut down if its weekly revenue is $1,000, its variable cost is $500, and its fixed cost is $800, of which $600 is avoidable if it shuts down? Why?
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2.1 Should a firm shut down (and why) if its revenue is R = $1,000 per week, a. its variable cost is VC = $500, and its sunk fixed cost is F = $600? b. its variable cost is VC = $1,001, and its sunk...
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2.2 Should a firm shut down if its weekly revenue is $1,000, its variable cost is $500,...

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Microeconomics

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