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Author Question: If TR> TC, a firm would ________ in the short run and ________ in the long run. (Read 124 times)

saraeharris

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on: Apr 19, 2019

Question 1

The rising part of a perfectly competitive firm's marginal cost curve that is equal to or above points on its average variable cost curve is the firm's


◦ normal profit curve.
◦ economic profit curve.
◦ short run supply curve.
◦ long run supply curve.

Question 2

If 
TR > 
TC, a firm would ________ in the short run and ________ in the long run.


◦ operate; expand
◦ operate; contract
◦ shut down; expand
◦ shut down; contract
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by saraeharris on Apr 19, 2019

Tonyam972

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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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saraeharris

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

ASDFGJLO

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

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