Order the answer to: D Question 16 2.5 pts Figure 14-1 Suppose that a firm in a competitive market has the following cost

Academic Help economy Order the answer to: D Question 16 2.5 pts Figure 14-1 Suppose that a firm in a competitive market has the following cost

economy

Order the answer to: D Question 16 2.5 pts Figure 14-1 Suppose that a firm in a competitive market has the following cost

Question D Question 16 2.5 pts Figure 14-1 Suppose that a firm in a competitive market has the following cost curves: Refer to Figure 14-1. If the market price falls below $4.50, the firm will earn positive economic profits in the short run negative economic profits in the short run but remain in business. negative economic profits in the short run and shut down. zero economic profits in the short run. Question 17 2.5 pts Figure 14-1 Suppose that a firm in a competitive market has the following cost curves: Price 13+ 12+ 11 + MC ATC AVC + + i + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + Duantity Refer to Figure 14-1. If the market price is $6.30, the firm will earn positive economic profits in the short run. negative economic profits in the short run but remain in business. negative economic profits and shut down. zero economic profits in the short run. Figure 14-1 Suppose that a firm in a competitive market has the following cost curves: + + MC + + ATC 1. AVC + + — 36 — 45 F- 3+ —— — Refer to Figure 14-1. The firm will earn a negative economic profit but remain in business in the short run if the market price is above $6.30 but less than $8. above $6.30. less than $6.30 but more than $4.50. less than $4.50.
Subject economy
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