Business, 10.06.2021 22:20 psychocatgirl1
Suppose that at 500 units of output marginal revenue is equal to marginal cost. The firm is selling its output at $5 per unit and average total cost at the 500 units of output is $6. Its total fixed cost id $2000. On the basis of this information we:
A) can say that the firm should close down in the short run
B) can say that the firm is maximizing profit in the short run
C) cannot determine whether the firm should produce or shut down in the short run
D) can assume the firm is not using the most efficient technology
Answers: 1
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Suppose that at 500 units of output marginal revenue is equal to marginal cost. The firm is selling...
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