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

Author Question: Consider two perfectly competitive firms producing the same product but using different methods.Both ... (Read 16 times)

hgjjghgjh

  • Full Member
  • ***
  • Posts: 132
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 $390 000 and total costs of $480 000.
Firm A has total fixed costs of $50 000, while firm B has total fixed costs of $130 000.
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.
◦ Cannot be determined based on the available data.
◦ Both firms A and B should operate.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by hgjjghgjh on Oct 12, 2022

dude123

  • Full Member
  • ***
  • Posts: 171
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.
Answer Preview
Only 35% of students answer this correctly


hgjjghgjh

  • Member
  • Posts: 132
Reply 2 on: Oct 12, 2022
Wow, this really help

kthug

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Your heart beats over 36 million times a year.

Skin closure methods; E. glue. Skin closure methods; E. glue.
Competitive inhibition Competitive inhibition
Teaching methods based on patients developmental capacity Teaching methods based on patients developmental capacity
Kitagawa Utamaro, Utamaro's Studio, Eshi . . . dosa-hiki (the three primary steps in producing ... Kitagawa Utamaro, Utamaro's Studio, Eshi . . . dosa-hiki (the three primary steps in producing ...
Disinfection Methods Disinfection Methods
Use the product rule to find derivative Use the product rule to find derivative
Video: Hip Animation

For a complete list of videos, visit our video library