ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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#10 i got the first two and last questions wrong. 

O Macmillan Learning
8
9
10
1580
1760
1950
Firms earning a loss will sometimes shut down in the short
run. What quantity will the firm produce if it shuts down in
the short run?
1080
1215
1350
What will the profits be if this firm shuts down?
Firms sometimes prefer to minimize losses by continuing to
operate in the short run. What quantity will the firm produce
to minimizes losses in the short run?
to
If this firm chooses to operate, what will its profits equal?
Enter a negative number for a loss.
If the cost and revenue numbers in the table will
continue forever (permanently), is it better for this firm
Incorrect
shut down immediately.
continue to operate indefinitely.
continue to operate in the short run, and exit the
market in the long run.
3
Incorrect
-425
Incorrect
4
$ -420
units
units
expand button
Transcribed Image Text:O Macmillan Learning 8 9 10 1580 1760 1950 Firms earning a loss will sometimes shut down in the short run. What quantity will the firm produce if it shuts down in the short run? 1080 1215 1350 What will the profits be if this firm shuts down? Firms sometimes prefer to minimize losses by continuing to operate in the short run. What quantity will the firm produce to minimizes losses in the short run? to If this firm chooses to operate, what will its profits equal? Enter a negative number for a loss. If the cost and revenue numbers in the table will continue forever (permanently), is it better for this firm Incorrect shut down immediately. continue to operate indefinitely. continue to operate in the short run, and exit the market in the long run. 3 Incorrect -425 Incorrect 4 $ -420 units units
O Macmillan Learning
The table shows total cost and total revenue information for a perfectly (or purely) competitive firm.
Quantity Total cost Total revenue
0
1
2
3
4
5
6
7
8
9
10
500
600
710
830
960
1100
1250
1410
1580
1760
1950
0
135
270
405
540
675
810
945
1080
1215
1350
Firms earning a loss will sometimes shut down in the short
run. What quantity will the firm produce if it shuts down in
the short run?
What will the profits be if this firm shuts down?
Firms sometimes prefer to minimize losses by continuing to
operate in the short run. What quantity will the firm produce
to minimizes losses in the short run?
If this firm chooses to operate, what will its profits equal?
Enter a negative number for a loss.
3
Incorrect
GA
-425
Incorrect
4
$ -420
units
units
expand button
Transcribed Image Text:O Macmillan Learning The table shows total cost and total revenue information for a perfectly (or purely) competitive firm. Quantity Total cost Total revenue 0 1 2 3 4 5 6 7 8 9 10 500 600 710 830 960 1100 1250 1410 1580 1760 1950 0 135 270 405 540 675 810 945 1080 1215 1350 Firms earning a loss will sometimes shut down in the short run. What quantity will the firm produce if it shuts down in the short run? What will the profits be if this firm shuts down? Firms sometimes prefer to minimize losses by continuing to operate in the short run. What quantity will the firm produce to minimizes losses in the short run? If this firm chooses to operate, what will its profits equal? Enter a negative number for a loss. 3 Incorrect GA -425 Incorrect 4 $ -420 units units
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