question archive If the market price is $2
If the market price is $2
Subject:EconomicsPrice: Bought3
If the market price is $2.00/lb, should the firm produce in the short run?If the market price is $2.00/lb, what amount should the firm produce? the market price is $2.00/lb, what is the total profit (loss) realized?If the market price is $4.00/lb, should the firm produce in the short run?If the market price is $4.00/lb, what amount should the firm produce?If the market price is $4.00/lb, what is the total profit (loss) realized?If the market price is $7.50/lb, should the firm produce in the short run?If the market price is $7.50/lb, what amount should the firm produce?If the market price is $7.50/lb, what is the total profit (loss) realized?What is the lowest price that the mushroom company must receive in order to produce output in the short run?What price would cause the mushroom company to earn exactly zero profits (i.e. break-even)?In the long run, when firms can enter or exit the industry, what price will mushrooms sell for? In other words what is the long-run equilibrium price (break-even price)?
