3. For each scenario, determine whether the firm should shut down or not. Don't just write "yes" or "no", show your math and explain your answer!!! In the short run, R = $6,000, VC = $7,500, and FC b. In the short run, p = 15, q* = 30, AVC = q/3, and FC = 3000. In the long run, R = $10,000, VC = $5,000, and FC = $6,000. а. = $12,000. %3D С.
3. For each scenario, determine whether the firm should shut down or not. Don't just write "yes" or "no", show your math and explain your answer!!! In the short run, R = $6,000, VC = $7,500, and FC b. In the short run, p = 15, q* = 30, AVC = q/3, and FC = 3000. In the long run, R = $10,000, VC = $5,000, and FC = $6,000. а. = $12,000. %3D С.
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter5: Investment Decisions: Look Ahead And Reason Back
Section: Chapter Questions
Problem 5.6IP
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