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In the short run, at a market price of $45 per watch, this firm will choose to produce watches per day. 10,000 On the preceding graph, use the blue rectangle (circle symbols) to shade the area rep the firm's profit or loss if the market price is $45 and 30,000 the firm chooses to produce the quantity you already selected. 40,000 Note: In the following question, enter a positive number, even if it represents a loss. 45,000 The area of this rectangle indicates that the firm's would be $ thousand per day in the short run.

In the short run, at a market price of $45 per watch, this firm will choose to produce watches per day. 10,000 On the preceding graph, use the blue rectangle (circle symbols) to shade the area rep the firm's profit or loss if the market price is $45 and 30,000 the firm chooses to produce the quantity you already selected. 40,000 Note: In the following question, enter a positive number, even if it represents a loss. 45,000 The area of this rectangle indicates that the firm's would be $ thousand per day in the short run.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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In the short run, at a market price of $45 per watch, this firm will choose to produce watches per day. 10,000 On the preceding graph, use the blue rectangle (circle symbols) to shade the area rep the firm's profit or loss if the market price is $45 and 30,000 the firm chooses to produce the quantity you already selected. 40,000 Note: In the following question, enter a positive number, even if it represents a loss. 45,000 The area of this rectangle indicates that the firm's would be $ thousand per day in the short run.
Transcribed Image Text:In the short run, at a market price of $45 per watch, this firm will choose to produce watches per day. 10,000 On the preceding graph, use the blue rectangle (circle symbols) to shade the area rep the firm's profit or loss if the market price is $45 and 30,000 the firm chooses to produce the quantity you already selected. 40,000 Note: In the following question, enter a positive number, even if it represents a loss. 45,000 The area of this rectangle indicates that the firm's would be $ thousand per day in the short run.
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