Exhibit 10-4 in the Short Run, Which of the Following

question 204

Multiple Choice

Exhibit 10-4 In the short run, which of the following should the firm in Exhibit 10-4 do?

• A)Produce 10 units at a price of $36 per unit.
• B)Produce 10 units at a price of $24 per unit.
• C)Produce 10 units at a price of $40 per unit.
• D)Produce 15 units at a price of $32 per unit.
• E)We cannot determine what the firm should do without knowing its average variable cost.

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