This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The owner of Tie-Dyed T-shirts, a perfectly competitive firm, has hired you to give him some ... (Read 68 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
on: Apr 19, 2019

The owner of Tie-Dyed T-shirts, a perfectly competitive firm, has hired you to give him some economic advice. He has told you that the market price for his shirts is $20 and that he is currently producing 200 shirts at an 
AVC of $15 and an 
ATC of $25. You tell him he should continue to operate in the short run because


◦ he is earning positive economic profits of $4,000.
◦ his loss from operating is only $2,000, which is less than his loss if he shuts down.
◦ he has to pay his fixed costs of $2,000 if he shuts down, which is greater than his loss when he operates.
◦ In fact you do not tell him to operate—he should shut down since he has a loss.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by JMatthes on Apr 19, 2019

sailorcrescent

  • Sr. Member
  • ****
  • Posts: 334
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.
Answer Preview
Only 29% of students answer this correctly


JMatthes

  • Hero Member
  • *****
  • Posts: 578
Reply #2 on: Apr 19, 2019
Excellent


sailorcrescent

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

How do men who work in traditionally feminine nurturng jobs and women who work in jobs that give ... How do men who work in traditionally feminine nurturng jobs and women who work in jobs that give ...
How did you give birth? C section vs. Normal Delivery How did you give birth? C section vs. Normal Delivery
Management Information Systems: Managing the Digital Firm, 15th Edition Management Information Systems: Managing the Digital Firm, 15th Edition
Competitive firms and maximization Competitive firms and maximization
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Genotypes Give Rise to Phenotypes Genotypes Give Rise to Phenotypes
Video: Stretch reflex & Tendon reflex

For a complete list of videos, visit our video library