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7. Individual Problems 5-? A firm sells 1,000 units per week. Suppose the average variable cost is $25, and the average cost is $60. In
7. Individual Problems 5-? A firm sells 1,000 units per week. Suppose the average variable cost is $25, and the average cost is $60. In the short run, the breakeven price i_. In the long run, the breakeven price i_. Suppose the rm charges a price of $10 per unit. Use the following table to indicate whether the rm will shut down or continue to produce in the short run and the long run. Time Continue to Produce Shut Down Short Run 0 O ' Long Run 0 O
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