Author Question: If price falls below the minimum point on the AVCcurve, in the short run the firm should ________, ... (Read 77 times)

fbq8i · **on:** Apr 19, 2019

Question 1

Refer to the information provided in Figure 9.5 below to answer the question that follows.

Refer to Figure 9.5. Based on the figures, supply will ________ in the long run and profits should ________.

◦ increase; decline
◦ increase; increase
◦ decrease; decline
◦ decrease; increase

Question 2

If price falls below the minimum point on the
AVC curve, in the short run the firm should ________, and in the long run the firm should ________.

◦ produce where
MC =
MR; exit the industry
◦ shut down; exit the industry
◦ produce where
MC =
MR; expand
◦ shut down; expand

ankilker · **Reply #1 on:** Apr 19, 2019

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Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

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