At its best possible output level, a firm has total revenue of $3,500 per day and total

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At its best possible output level, a firm has total revenue of $3,500 per day and total cost of $7,000 per day. What should this firm do in the short run if?

a. The firm has total fixed costs of $3,000 per day?

b. The firm has total variable costs of $3,000 per day?

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Macroeconomics Principles and Applications

ISBN: 978-1133265238

5th edition

Authors: Robert e. hall, marc Lieberman

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Question Posted: Dec 11, 2012 12:21 AM

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At its best possible output level, a firm has total revenue of $3,500 per day and total

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a If the firms fixed costs are 3000 per day then its variable co...View the full answer

Macroeconomics Principles and Applications

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