Refer to the data provided in Table 9.1 below to answer the question(s) that follow. 9 001234567 O operate but not expand. shut down, but not go out of business. go out of business. TFC TVC $50 50 888888887 50 50 50 50 50 50 800888 20 30 45 62 90 Table 9.1 TC $50 70 MC 140 112 17 8255403 132 186 236 182 80 10 15 AVC 95 15 15 20 8855558 15.50 18 22 Refer to Table 9.1. If the market price is $42, then in the long run the firm will O operate and expand. ATC 70 RSENARR 40 3167 28 30.33 2657 33.71 28

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Refer to the data provided in Table 9.1 below to answer the question(s) that follow.
Table 9.1
TC MC
$50
1010 - N34567
9
1
2
E38888888
TVC
TFC
$50 $0
50
50
50
50
50
50
8008882
50
30
90
132
186
80
70 20
140
-
20
10 15
95 15 15
112 17
182
AAAARIN
236
AVC
BB55558
42
15.50
28 18
22
54 2657
Refer to Table 9.1. If the market price is $42, then in the long run the firm will
O operate and expand.
Ooperate but not expand.
shut down, but not go out of business.
go out of business.
ATC
2952283
70
40
31.67
30.33
33.71
Transcribed Image Text:Refer to the data provided in Table 9.1 below to answer the question(s) that follow. Table 9.1 TC MC $50 1010 - N34567 9 1 2 E38888888 TVC TFC $50 $0 50 50 50 50 50 50 8008882 50 30 90 132 186 80 70 20 140 - 20 10 15 95 15 15 112 17 182 AAAARIN 236 AVC BB55558 42 15.50 28 18 22 54 2657 Refer to Table 9.1. If the market price is $42, then in the long run the firm will O operate and expand. Ooperate but not expand. shut down, but not go out of business. go out of business. ATC 2952283 70 40 31.67 30.33 33.71
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