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Author Question: Consider two perfectly competitive firms producing the same product but using different methods.Both ... (Read 45 times)

hgjjghgjh

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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 $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
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Marked as best answer by hgjjghgjh on Oct 12, 2022

dude123

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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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hgjjghgjh

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

skipfourms123

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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