Question: Please help me with the 4 questions below. Currently, we are living under an unprecedented time shaped by the outbreak of Coronavirus 2 (SARS-COV 2)

Please help me with the 4 questions below.

Currently, we are living under an unprecedented time shaped by the outbreak of Coronavirus 2 (SARS-COV 2) that transmits the COVID-19 disease.

  1. Select a firm of your choice.
  2. Explain with concrete facts (whenever possible) the production costs of this firm before the peak of COVID-19.
  3. Illustrate the effects of COVID-19 on the production costs of this firm. Are they short-run costs or long-run costs?
  4. Could you make a prediction of the production costs of this firm post-COVID? Explain.
  5. Does the firm's decision to outweigh the effects of theCOVID-19 is ashort-run or a long-run decision?

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