QUESTION 9 Using the graph below, determine if the firm should shut down or stay open in the short run. MC ATC AVC MR The firm should shut down in the short run because they are earning negative economic profit. The firms should stay open in the short run because they are earning a positive economic profit. O The firm should stay open in the short run because they are able to cover some of their variable costs. The firm should stay open in the short run because they are able to cover some of their fixed costs.
QUESTION 9 Using the graph below, determine if the firm should shut down or stay open in the short run. MC ATC AVC MR The firm should shut down in the short run because they are earning negative economic profit. The firms should stay open in the short run because they are earning a positive economic profit. O The firm should stay open in the short run because they are able to cover some of their variable costs. The firm should stay open in the short run because they are able to cover some of their fixed costs.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter22: Perfect Competition
Section: Chapter Questions
Problem 6WNG
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