(18) Firm A has excess capacity at Q =
(19) AC is high at this output level because average ________ cost is high.
If firm A keeps increasing its output in the short run Average Fixed costs would (20)____ and average variable costs would (21)______ and total fixed costs would (22)______
23) If the price falls below $________ , in the long run, firm A will shut down.
(24) what kind of industry in Firm A in ?
(25) Firm A would maximize profits at P = $______ and Q_______
(26) Exactly how much profits is firm A making at the price and quantity you answered for (25) ?
(27) What is the maximum technical efficiency output for this firm?
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Sep 21, 2019EXPERT
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