Question: Attempts Average / 2 9. Individual Problems 5-7 A firm sells 1,000 units per week. Suppose the average variable cost is $40, and the average


Attempts Average / 2 9. Individual Problems 5-7 A firm sells 1,000 units per week. Suppose the average variable cost is $40, and the average cost is $75. In the short run, the break-even price is In the long run, the break-even price is $ Suppose the firm charges a price of $85 per unit. Use the following table to indicate whether the firm will shut down or continue to produce in the short run and the long run. Time Continue to Produce Shut Down Short Run Long Run
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