3. You are the manager of a small production facility. Your annual fixed costs are $50,000, marginal

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3. You are the manager of a small production facility. Your annual fixed costs are $50,000, marginal costs are $10 per unit, and you are producing 50,000 units per year. In the short run, what is the minimum acceptable price level before it makes economic sense to shut down?

a. $9.00

b. $10.00

c. $11.00

d. $12.50

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