Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
phoebe.lou phoebe.lou
wrote...
Go to Answer
Posts: 104
Rep: 0 0
A year ago
The Short Run Supply Curve and Shutting Down

The table shows the profit-maximizing quantity, variable costs, and fixed costs for two different firms.

​Firm 1Firm 2
Quantity1000500
Variable cost$4500​$7500​
Fixed cost$392​$94​
Assume that the market price is $9. In the short run:
Firm 1 will ________ (produce/shut down) with an economic ________ (profit/loss).
Firm 2 will ________ (produce/shut down) with an economic ________ (profit/loss).

▸ produce, loss, produce, loss

▸ produce, profit, shut down, loss

▸ shut down, loss, produce, profit

▸ shut down, loss, shut down, loss
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 78 times
1 Reply
Replies
Answer verified by a subject expert
wukong81wukong81
wrote...
#1
Posts: 130
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 130 words.
1

Related Topics

phoebe.lou Author
wrote...

A year ago
Thanks
choih94
wrote...

Yesterday
Good timing, thanks!
big_larry_samp
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1397 People Browsing
 106 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 320
  
 101
  
 127
Your Opinion
What's your favorite funny biology word?
Votes: 328
Previous poll results: Which country would you like to visit for its food?