Exhibit 8-3 Cost Per Unit Curves

question 230

Multiple Choice

Exhibit 8-3 Cost per unit curves
-If the price of the firm's product in Exhibit 8-3 is $1.50 per unit, which intersects AVC at point B, the firm should:

• A) continue to operate because it is earning a positive economic profit.
• B) stay in operation for the time being even though it is making a pure economic loss.
• C) shut down temporarily.
• D) shut down permanently.

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