Both please Question 32109 +8-4.53.S2ATCAVC125 6 7 8 QuantityRefer to the above figure. If the price is $4 and not expected to rise, what will happen in the long-run?O It will produce where MC = $4.The firm will exit the market.9u3PriceDMCO The firm will shut down.Average costs will fall. Question 33Which of the following makes it more likely that private solutions to externalities will succeed? Select the best answer.O high transaction costsO high prices for legal servicesO delays in the bargaining processa small number of affected parties

As per the guidelines answer is given to the first question: Question 32. "A firm maximizes profits…

Question 32 10 3.5 a ATC AVC 1 2 3 4 5 6 7 8 Quantity Refer to the above figure. If the price is $4 and not expected to rise, what will happen in the long-run? O It will produce where MC = $4. The firm will exit the market. The firm will shut down. Average costs will fall. 00 7+ 6 Price 3+ MC

Question 32 10 3.5 a ATC AVC 1 2 3 4 5 6 7 8 Quantity Refer to the above figure. If the price is $4 and not expected to rise, what will happen in the long-run? O It will produce where MC = $4. The firm will exit the market. The firm will shut down. Average costs will fall. 00 7+ 6 Price 3+ MC

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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