Homework Help is Here – Start Your Trial Now!
Business
Economics
70) Are the decisions to shut down and exit a market short-run or long-run decisions?  A. The decision to shut down is a short-run decision, whereas the decision to exit is a long-run decision.  B. The decision to shut down and the decision to exit are both long-run decisions.  C. The decision to shut down and the decision to exit are both short-run decisions.  D. The decision to exit is a short-run decision, whereas the decision to shut down is a long-run decision

70) Are the decisions to shut down and exit a market short-run or long-run decisions?  A. The decision to shut down is a short-run decision, whereas the decision to exit is a long-run decision.  B. The decision to shut down and the decision to exit are both long-run decisions.  C. The decision to shut down and the decision to exit are both short-run decisions.  D. The decision to exit is a short-run decision, whereas the decision to shut down is a long-run decision

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
See similar textbooks
icon
Related questions
Question
100%

I need help with econ multiple hw questions asap!

70) Are the decisions to shut down and exit a market short-run or long-run decisions?

  •  A. The decision to shut down is a short-run decision, whereas the decision to exit is a long-run decision.
  •  B. The decision to shut down and the decision to exit are both long-run decisions.
  •  C. The decision to shut down and the decision to exit are both short-run decisions.
  •  D. The decision to exit is a short-run decision, whereas the decision to shut down is a long-run decision

69) Refer to the attached Figure 20.1.  Why is Q1 not a profit-maximizing level of output?

  •  A. at Q1 MR = MC
  •  B. at Q1 MC > MR
  •  C. at Q1 MR>MC
  •  D. at Q1 MR = ATC

 

MC ATC MR AVC Qo Q
Transcribed Image Text:MC ATC MR AVC Qo Q
Expert Solution
steps

Step by step

Solved in 4 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Federal Reserve System
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS