Question
A firm sells 1,000 units per week. Suppose the average variable cost is $30, and the average cost is $85. In the short run, the
A firm sells 1,000 units per week. Suppose the average variable cost is $30, and the average cost is $85.
In the short run, the break-even price is______.
In the long run, the break-even price is ______.
Suppose the firm charges a price of $58 per unit.
Time Continue to Produce Shut Down
Short Run ________________________ _____________
Long Run ________________________ _____________
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
