pkcfox
pkcfox
21.08.2020 • 
Business

1) A firm sells 1,000 units per week. Suppose the average variable cost is $40, and the average cost is $95. In the short run, the break-even price is . In the long run, the break-even price is .
2) Suppose the firm charges a price of $110 per unit.
In the short run, should they continue to produce or shut down?
In the long run, should they continue to produce or shut down?

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