For cases A through F in the following table, would you (1) operate or shut down in the short run and (b) expand your plant or exit the industry in the long run? A в с C D E F TR 500 1,500 2,500 5,000 5,000 5,000 TC 800 1,000 3,200 4,500 5,000 5,500 TFC 150 500 200 1,500 1,500 1,500

For cases A through F in the following table, would you (1) operate or shut down in the short run and (b) expand your plant or exit the industry in the long run? A в с C D E F TR 500 1,500 2,500 5,000 5,000 5,000 TC 800 1,000 3,200 4,500 5,000 5,500 TFC 150 500 200 1,500 1,500 1,500

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter12: Firms In Perfectly Competitive Markets

Section: Chapter Questions

Problem 18P

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Question

2. For cases A through F in the following table, would you (1) operate or
shut down in the short run and (b) expand your plant or exit the industry
in the long run?
A
В
D
E
F
TR
500
1,500
2,500
5,000
5,000
5,000
TC
800
1,000
3,200
4,500
5,000
5,500
TFC
150
500
200
1,500
1,500
1,500

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