could you please explain how to get this answer?
Homework Answers
A) Continue to operate even though she is experiencing an economic loss .
Where MC ( Marginal Cost ) or Price (P) = ATC , it is the break even point or zero profit point .
Here P < ATC : it means that the price charged per unit is not covering the average total cost , so the firm will face loss
But P > AVC : it means that price is covering atleast the average variable cost , so it is loss but should continue to operate in shut down zone .
P = AVC : shutdown point .
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could you please explain how to get this answer?
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QUESTION 33 Which of the following is true of MC when MP is increasing it is constant a. it is increasing a. it is decreasing a. It is first increasing then decreasing 2.5 points Save Answer QUESTION 34 "Suppose you run a pizza shop and currently have two employees. If you hire a third employee, your output of pizzas per day rises from 55 to 65. If you hire a fourth employee, output rises to 80 per day. A fifth...
Refer to the figure above. In the $6-$7 price range, the firm
will
Group of answer choices
a)shut down.
b)earn a profit
c)break even
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b. A representative firm a. The industry МС ATC S AVC 9 7 6 5 D2 DI 10 12 13 15 0 0 Bushels of wheat Bushels of wheat Price per bushel ($) We were unable to transcribe this image
this is all the info given. theres no other info given.
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pleasw answer all questions!
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