2. The table below shows information of 5 different competitive firms. What would those firms do in the short run and in the long run? Explain your answer! A C D E TR 3,250 3,250 5,000 4,100 1,700 TC 2,500 4,000 5,300 3,800 1,900 TFC| 1,000 500 1,200 800 100

2. The table below shows information of 5 different competitive firms. What would those firms do in the short run and in the long run? Explain your answer! A C D E TR 3,250 3,250 5,000 4,100 1,700 TC 2,500 4,000 5,300 3,800 1,900 TFC| 1,000 500 1,200 800 100

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

2. The table below shows information of 5 different
competitive firms. What would those firms do in
the short run and in the long run? Explain your
answer!
А
В
D
E
TR
3,250
3,250
5,000
4,100 | 1,700
TC
2,500
4,000
5,300
3,800
1,900
TFC| 1,000
500
1,200
800
100

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