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Author Question: The Short Run Supply Curve and Shutting DownThe table shows the profit-maximizing quantity, variable ... (Read 117 times)

swande

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on: Nov 23, 2022
The Short Run Supply Curve and Shutting Down

The table shows the profit-maximizing quantity, variable costs, and fixed costs for two different firms.

​Firm 1Firm 2
Quantity1000500
Variable cost$4500​$7500​
Fixed cost$392​$94​
Assume that the market price is $9. In the short run:
Firm 1 will ________ (produce/shut down) with an economic ________ (profit/loss).
Firm 2 will ________ (produce/shut down) with an economic ________ (profit/loss).
◦ produce, loss, produce, loss
◦ produce, profit, shut down, loss
◦ shut down, loss, produce, profit
◦ shut down, loss, shut down, loss
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by swande on Nov 23, 2022

StephaniaF

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Reply #1 on: Nov 23, 2022
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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swande

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Reply 2 on: Nov 23, 2022
Gracias!

ASDFGJLO

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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