Your business has just three costsrent of $1,000 a month; wages of $3,000 for your sole employee;

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Your business has just three costs—rent of $1,000 a month; wages of $3,000 for your sole employee; and electricity, which costs $500 a month. If your monthly sales were $4,000, what would you do (a) in the short run and (b) in the long run?

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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