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Price (8/unit) 15 20 MC ATC AVC Price Quantity (unit/week) If the price is $3/unit, this firm should shut down... shut down shut down...
Price (8/unit) 15 20 MC ATC AVC Price Quantity (unit/week) If the price is $3/unit, this firm should shut down... shut down shut down... produce 20 units a week produce 15 units/week... shut down produce 15 units per week... produce 20 units per week. in the short run and in the long run.
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The zeroprofit point is defined as the location where MC crosses AC Price will be more than average ...
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Small Business Management Launching and Growing Entrepreneurial Ventures
Authors: Justin G. Longenecker, J. William Petty, Leslie E. Palich, Frank Hoy
18th edition
1305405749, 978-0357687369, 978-1305405745
