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Author Question: You are hired by Jimbo's Potato Farm to determine when Jimbo should shut down and produce no ... (Read 102 times)

ENagel

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on: Jul 20, 2019
You are hired by Jimbo's Potato Farm to determine when Jimbo should shut down and produce no potatoes in the short run. Jimbo sells his potatoes in a perfectly competitive market. You tell Jimbo to shut down if:
◦ marginal revenue is less than marginal cost.
◦ price is less than average total cost when marginal revenue equals marginal cost.
◦ price is less than average variable cost when marginal revenue equals marginal cost.
◦ total cost is less than total revenue when marginal revenue equals marginal cost.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
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Marked as best answer by ENagel on Jul 20, 2019

ndhahbi

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Reply #1 on: Jul 20, 2019
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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ENagel

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Reply 2 on: Jul 20, 2019
Great answer, keep it coming :)

nathang24

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Reply 3 on: Yesterday
Wow, this really help

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