Question
4. Suppose a given firm operating in a perfectly competitively market. TFC = $ 7000, TVC = $ 5000 and TR = $6000. A. Should
4. Suppose a given firm operating in a perfectly competitively market. TFC = $ 7000, TVC = $ 5000 and TR = $6000.
A. Should the firm stay in the business, under the current situation?
B. What will be your answer if the TR changes to $ 400?
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Principles Of Microeconomics 3e By OpenStax
Authors: OpenStax
3rd Edition
1711471496, 978-1711471495
