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Author Question: Economic profit is (Read 43 times)

fahad

  • Hero Member
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on: Apr 19, 2019

Question 1

A firm will choose to operate rather than shut down as long as


◦ price is greater than or equal to 
AFC.
◦ AFC is greater than 
AVC.
◦ price is greater than or equal to 
AVC.
◦ AVC is greater than 
MC.

Question 2

Economic profit is


◦ (
P‐
ATC)
q.
◦ (
P+
ATC)
q.
◦ P(
q-
ATC).
◦ Pq/
ATC.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by fahad on Apr 19, 2019

DHRUVSHAH

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Reply #1 on: Apr 19, 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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fahad

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Reply #2 on: Apr 19, 2019
TY


DHRUVSHAH

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Reply #3 on: Apr 19, 2019
You're welcome


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