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spruckj spruckj
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5 years ago

Question 1.

The Reliable Auto Repair Shop has total revenue of $5,000. It has total fixed costs of $700 and total variable costs of $2,500. The Reliable Auto Repair Shop's profit is



▸ -$3,200.

▸ $1,800.

▸ $2,500.

▸ $4,300.

Question 2.

A firm ________ in the short-run has an incentive to expand its long-run scale of operation.



▸ breaking even

▸ earning positive profits

▸ that shuts down

▸ making a loss
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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cuddahy99cuddahy99
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spruckj Author
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5 years ago
This calls for a celebration Person Raising Both Hands in Celebration
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