-The Table Above Shows Output and Costs of Evan's Subs

question 64

Multiple Choice

-The table above shows output and costs of Evan's Subs, a typical perfectly competitive firm in a local market for sandwiches. Evan's fixed cost is $9 per hour. The current market price of a sandwich is $6. If the market price does not change, Evan's will

• A) continue to operate in the short run, but will exit the industry in the long run.
• B) continue to operate in the short run and in the long run.
• C) shut down.
• D) increase its production in the long run.

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