The following represents the short-run average total costs for a large shipping company.     Short Run Average Total Costs Output 30 machines 40 machines 50 machines 100 270 280 300 200 236 210 250 300 335 340 320   Suppose that the company is at an output of 200 in the long run. Suddenly they have increased demand they have to quickly move to an output of 300, what is the new short-run average total costs of the firm at an output of 300 if they are still in the short run time period?

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Q: Q10 I don't know how I got them all wrong

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Short-Run Costs and Long-Run Costs

Cost of short-run and the long-run is an economic term that describes the cost involved in the production of goods in a firm in the short as well as long period.