Business
Business, 22.11.2019 20:31, smilingntn33p7pqpp

Acompetitive firm maximizes profit at an output level of 500 units, market price is $15.00, and atc is $15.75. at what range of avc values for an output level of 500 would the firm choose not to shut down in the short run?
choose one:
a. avc < $24
b. atc< $25.25
c. afc $25.25
d. atc> $25.25
e. avc> $24
f. afc $24

answer
Answers: 2

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Acompetitive firm maximizes profit at an output level of 500 units, market price is $15.00, and atc...

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