Question: Hint: Once you have positioned the rectangle on the graph, select a point to observe its coordinates. Profit or Loss In the short run, given
Hint: Once you have positioned the rectangle on the graph, select a point to observe its coordinates.
Profit or Loss
In the short run, given a market price equal to $ per sweatshirt, the firm should produce a daily quantity of sweatshirts.
On the preceding graph, use the blue rectangle circle symbols to fill in the area that represents profit or loss of the firm given the market price of $ and the quantity of production from your previous answer.
Note: In the following question, enter a positive number regardless of whether the firm earns a profit or incurs a loss.
The rectangular area represents a shortrun of thousand per day for the firm. What points do I plot for profit or loss..
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