ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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I think the correct answer is $1 because that is the only fixed cost, and they will not be charged any variable costs. Is this correct?

### Question 9.12

**Homework • Answered**

Calculate the economic losses for Firm 1 if they decide not to produce: -$____.

**Firm 1**  
- Output: 10  
- Average fixed cost: $1  
- Average variable cost: $2  
- Price: $1.50  

**Firm 2**  
- Output: 20  
- Average fixed cost: $6  
- Average variable cost: $8  
- Price: $9  

Type your numeric answer and submit:

[Answer Box: 6]

**Answered**
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Transcribed Image Text:### Question 9.12 **Homework • Answered** Calculate the economic losses for Firm 1 if they decide not to produce: -$____. **Firm 1** - Output: 10 - Average fixed cost: $1 - Average variable cost: $2 - Price: $1.50 **Firm 2** - Output: 20 - Average fixed cost: $6 - Average variable cost: $8 - Price: $9 Type your numeric answer and submit: [Answer Box: 6] **Answered**
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