Study the graph below and answer the following questions. 
(a)Is this firm making profit by producing 500 units in the short run? Why or why not?
(b)What will happen in the long run in this industry?
(c)Will the firm survive in this industry?
Definitions:
Mechanism
The detailed process by which a chemical reaction occurs, at the level of molecular structure.
Protic Solvents
Solvents that have hydrogen atoms capable of forming hydrogen bonds, often used in reactions requiring proton transfer.
Alkenes
Hydrocarbons containing at least one carbon-carbon double bond, characterized by their unsaturated nature.
Reaction Products
The substances formed by the chemical change that occurs during a reaction, resulting from the rearrangement of atoms and bonds in reactants.
Q4: If MR = MC, a monopolist should:<br>A)decrease
Q25: Rachel left her job as a graphic
Q25: Suppose a firm finds that an additional
Q34: The price at which a monopolistically competitive
Q40: Refer to the following graph. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7143/.jpg"
Q82: Study the graph below and answer the
Q95: Refer to the graph shown of average
Q105: Learning by doing:<br>A)causes average total cost curves
Q115: If average fixed cost is $2 and
Q156: When output is 50, fixed costs are