EBK PRINCIPLES OF MICROECONOMICS (SECON
2nd Edition
ISBN: 9780393616149
Author: Mateer
Publisher: W.W.NORTON+CO. (CC)
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Question
Chapter 12, Problem 1SP
To determine
Profit of a firm in the long run.
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Students have asked these similar questions
You turned down a job at ABC Corp last year that would have paid you $125,000 per year and started your own
company. When you calculated your economic profit, it came out at $0. You expect the business will be exactly the
same next year.
ABC called and said you could still take the job. You should...
A. Keep running your company as-is.
B. Keep running your company but pay yourself less.
C. Keep running your company but pay yourself more.
D. Shut down your company and take the job at ABC.
Many firms, especially in perfectly competitive markets, file for bankruptcy every year, yet they still continue operating. Why would they do this instead of completely shutting down?
Many firms in the United States file for bankruptcy every year, yet they still continue operating. Why would they do this instead of completely shutting down? Think of recent examples.
Chapter 12 Solutions
EBK PRINCIPLES OF MICROECONOMICS (SECON
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