Price and Cost ($) Given the information from the figure, if price equals $0.40, the firm should ATC 1.2 AVC 1.0- MC 0.8 0.6 0.4 0.2 0.2 0.4 0.8 9'0 Output 1.2 O stay open because it is making an economic profit O stay open in the short run only because it is operating at an economic loss O stay open because it is making a normal profit shut down in the short run because it will minimize its loss

Price and Cost ($) Given the information from the figure, if price equals $0.40, the firm should ATC 1.2 AVC 1.0- MC 0.8 0.6 0.4 0.2 0.2 0.4 0.8 9'0 Output 1.2 O stay open because it is making an economic profit O stay open in the short run only because it is operating at an economic loss O stay open because it is making a normal profit shut down in the short run because it will minimize its loss

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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How to sovle these? What's the right answer?
not use ai please