Top Posters
Since Sunday
w
3
w
3
e
3
3
r
3
g
2
2
b
2
M
2
V
2
f
2
c
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
stars_and_moon stars_and_moon
wrote...
Go to Answer
Posts: 3218
Rep: 11 0
8 years ago
A price taking firm produces 50 units of output.  The market price of its output equals $10 per unit.  At 50 units of output average cost equals $12 and average variable cost equals $9.  How much profit (or loss) does the firm make if it stays open?  How much profit (or loss) does the firm make if it shuts down?  Should the firm stay open or shut down?
Read 184 times
3 Replies
Replies
Answer verified by a subject expert
kingbykingby
wrote...
#1
Top Poster
Posts: 3218
Rep: 26 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
This verified answer contains over 100 words.
1

Related Topics

wrote...
#2
8 years ago
Incredible!
wrote...
#3
8 years ago
Yup, vote with confidence!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  690 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 369
  
 1115
  
 308
Your Opinion
Which is the best fuel for late night cramming?
Votes: 234
Previous poll results: Which of the following is the best resource to supplement your studies: