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Author Question: If price falls below the minimum point on the AVCcurve, in the short run the firm should ________, ... (Read 23 times)

fbq8i

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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
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by fbq8i on Apr 19, 2019

ankilker

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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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fbq8i

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

mjenn52

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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