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thanhha78 thanhha78
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6 years ago
Recall the Application. If the minimum of average total cost for switchgrass farmers is $55 per ton and the minimum of average variable costs is $40 per ton, then at a price of $35 per ton in the short-run the switchgrass farmer will
A) operate losing money.
B) shut down, that is bring no switchgrass to market.
C) make a zero economic profit.
D) make a positive economic profit.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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wrote...
#1
6 years ago
B
wrote...
#2
6 years ago
Recall the Application. If the minimum of average total cost for switchgrass farmers is $55 per ton and the minimum of average variable costs is $40 per ton, then at a price of $50 per ton in the short-run the switchgrass farmer will
A) make a zero economic profit.
B) operate losing money.
C) make a positive economic profit.
D) shut down, that is bring no switchgrass to market.
wrote...
#3
6 years ago
B
thanhha78 Author
wrote...
#4
6 years ago
you're honestly amazing, thank you
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