At its best possible output level, a firm has total revenue of Rs. 7000 per day and total cost of Rs. 14000 per day. What should this firm do in the short run if: 10 (Hint: See normal and abnormal loss) The firm has total fixed cost of Rs. 6000 per day? The firm has total variable cost of Rs. 6000 per day?

At its best possible output level, a firm has total revenue of Rs. 7000 per day and total cost of Rs. 14000 per day. What should this firm do in the short run if: 10 (Hint: See normal and abnormal loss) The firm has total fixed cost of Rs. 6000 per day? The firm has total variable cost of Rs. 6000 per day?

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 9SQP

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