Question 12 1 point MO C ATC 24 20 15 10 D MR 50 70 Quantit

Question 12 (1 point) MO C ATC $24 20 . 15 10 \\D MR 50 70 Quantity

first part ans

as the firm is incurring loss because atc is more than price the firm will go out of business and mp will rise

second part ans

firm is earning profit in this case because demand curve or AR is touching ATC curve at price 24. the firm shold produce 50 unit of output.

third part answer

true this graph represent long run equlibrium because at equilibrim output AR curve is tangent to LAC.

$Question 12 (1 point) MO C ATC $24 20 . 15 10 \\D MR 50 70 Quantity Solutionfirst part ans as the firm is incurring loss because atc is more than price the fir$

Question 12 1 point MO C ATC 24 20 15 10 D MR 50 70 Quantit

Solution

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