If a fi rms total revenue is $5 billion, its fi xed costs are $3 billion, and

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If a fi rm’s total revenue is $5 billion, its fi xed costs are $3 billion, and its variable costs are $1.5 billion, what does it do (a) in the short run and (b) in the long run?

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

Question Posted: Feb 29, 2024 07:00 AM

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If a fi rms total revenue is $5 billion, its fi xed costs are $3 billion, and

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In the short run Total revenue is 5 billion Variable costs are 15 billion To determine whether ...View the full answer

Microeconomics

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