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annyan annyan
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6 months ago

Equilibrium price is $8 in a perfectly competitive market. For a perfectly competitive firm, MR = MC at 150 units of output. At 150 units, ATC is $11, and AVC is $10. The best policy for this firm is to __________ in the short run. Also, total fixed cost equals __________ and total variable cost equals __________ for this firm.



▸

continue to produce; $125; $1,375



▸

shut down; $150; $1,500



▸

shut down; $1,375; $1,250



▸

continue to produce; $150; $1,500



▸

There is not enough information to answer all parts of the question.

Textbook 
Economics

Economics


Edition: 12th
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DeeclaireDeeclaire
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6 months ago
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annyan Author
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6 months ago
Thanks
aznzergs
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
gmiannotti
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2 hours ago
This site is awesome
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