Production, Entry, Exit

Production, Entry, and Exit End of Day YCJ Ill wc-CI l.'J:|I zz-sag- i=-..-'r. ,5\" Figure 3.1 [Insert your responses to the following questions: Analyze a business owner's decisionmaking regarding whether to enter a market. Use economic models from the textbook to support your analysis] [Howr does a business owner apply the concept of marginal cost and marginal revenue to decide how much to produce".rl Use economic models to explain] [HOW does the impact of xed costs change production decisions in the short run and the long run? Use the ayeragetotalcost {ATE} model included in the textbook to demonstrate this impact]