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Home Q & A Board Other Fields Homework Help Business Economics
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hiusy98 hiusy98
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7 years ago
Assume a perfectly competitive firm is currently producing 5,000 units of output and is earning $15,000 in total revenue. The marginal cost of the 5,000th unit of output is $3. The corresponding average total cost is $3.50 and total fixed costs equal $1250. Based on this information, should this firm continue to operate in the short run? Why or why not?
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Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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sofreshsofresh
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More solutions for this book are available here
1
Sweet Caroline
Good times never seemed so good
I've been inclined,
To believe they never would
Oh, no, no

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hiusy98 Author
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#2
7 years ago
This course was so challenging before I signed up here, thanks
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