Answer to Question #67246 in Microeconomics for Esther muema
A) is the firm earning a profit?
B) what is the shortrun shutdown price?
Profit=TR-TC=25*10- 200-0.2*25^2=250- 200-125=- 75
b)VC=125, AVC=5- shortrun shutdown price
Need a fast expert's response?Submit order
and get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!