A firm sells 1000 units per week. It charges $70 per unit, the average variable costs are $25, and the average costs are $65 . At what price would the firm consider shutting down in the short run?

a. $10
b. $25
c. $65
d. $70

b

Economics

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The figure above shows the supply curve for soda. The market price is $1.00 per soda. The producer surplus from the 20,000th soda is

A) $0.00. B) $0.50. C) $1.00. D) more than $1.00. E) None of the above answers is correct.

Economics

Discrimination ________ the group being discriminated against and ________ the group being favored

A) decreases the demand for; increases the demand for B) increases the demand for; decreases the demand for C) decreases the supply of; increases the supply of D) increases the supply of; decreases the supply of

Economics