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Villerys39 Villerys39
wrote...
Posts: 476
5 years ago
A company finds that at its present level of production, MC = AVC at $15, MC = ATC at $20, and MC = MR at $17. Your advice to the firm regarding its short-run operations is

• to continue production at a loss.

• to continue production, as it is earning an economic profit of $2 per unit.

• to continue production, as it is earning an economic profit of $3 per unit.

• to shut down.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 34 times
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wrote...
5 years ago
to continue production at a loss.
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