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Author Question: Consider two perfectly competitive firms producing the same product but using different methods.Both ... (Read 13 times)

blkth103

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on: Oct 12, 2022
Consider two perfectly competitive firms producing the same product but using different methods.
Both Firm A and firm B have total revenues of $370 000 and total costs of $440 000.
Firm A has total fixed costs of $110 000, while firm B has total fixed costs of $30 000.
Which of the following statements are true in the short run?
◦ Firm A should shut down and Firm B should operate.
◦ Firm A should operate and Firm B should shut down.
◦ Both firms A and B should shut down.
◦ Both firms A and B should operate.
◦ Cannot be determined based on the available data.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by blkth103 on Oct 12, 2022

fowlerhop@rocketmail.com

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Reply #1 on: Oct 12, 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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blkth103

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

skipfourms123

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

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