In the short run, a firm will produce a positive amount of output ...

[ereecah]

In the short run, a firm will produce a positive amount of output as long as
 a. P > AVC at some output level
  b. P > MC at some output level
  c. P < AVC at some output level
  d. AVC < ATC at some output level
  e. FC > TR at some output level

Question 2

If a nondiscriminating monopolist is operating at an output level where price equals average total cost, we can conclude that
 a. economic profit is 0
  b. the firm is not maximizing profit
  c. the firm should go out of business in the long run
  d. the firm is not earning its normal profit
  e. the firm should shut down in the short run

[owenfalvey]

Answer to Question 1

A

Answer to Question 2

A

[ereecah]

Thanks for the timely response, appreciate it

[cici]

Excellent