A firm is selling 2,000 units per year for $30 each; it can sell sell it wants at that price but cannot change the price. Annual total fixed costs are $45,000. marginal cost is $30 per unit; average variable cost is $12 per unit. The firm will _______ in the short run and ______in the long run.  a. produce; produce  b. shut down; produce  c. produce; leave the industry  d. shut down;; leave the industry

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
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Chapter1: Making Economics Decisions
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A firm is selling 2,000 units per year for $30 each; it can sell sell it wants at that price but cannot change the price. Annual total fixed costs are $45,000. marginal cost is $30 per unit; average variable cost is $12 per unit. The firm will _______ in the short run and ______in the long run. 

a. produce; produce 

b. shut down; produce 

c. produce; leave the industry 

d. shut down;; leave the industry 

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