24 20 Price and co st (dollars per arate)

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 18RQ: What is deflation?
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Trying to figure out second part 

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20
Price and co st (dollars per arate)
Transcribed Image Text:24 20 Price and co st (dollars per arate)
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In short run a firm should shut down when the price is equal of less than the average variable cost. That is, it can continues the when price is equal of exceeds the average variable cost.

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