The demand curve and supply curve for a perfectly competitive market are: Q = 500 – 5P and Q = 320 + P. The short run cost function of a representative firm in this market is TC = 150 + 3q2. According to these information Analyze this firm’s position in terms of shut down condition. Should this firm operate or shut-down in the short run? Could you solve the 4. question as follows shut down and operate TR= TFC= TVC= TC = PROFİT=
The demand curve and supply curve for a perfectly competitive market are: Q = 500 – 5P and Q = 320 + P. The short run cost function of a representative firm in this market is TC = 150 + 3q2. According to these information Analyze this firm’s position in terms of shut down condition. Should this firm operate or shut-down in the short run? Could you solve the 4. question as follows shut down and operate TR= TFC= TVC= TC = PROFİT=
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
The demand curve and supply curve for a
Analyze this firm’s position in terms of shut down condition. Should this firm operate or shut-down in the short run?
Could you solve the 4. question as follows
shut down and operate
TR=
TFC=
TVC=
TC =
PROFİT=
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