Tuesday
March 31, 2015

Homework Help: economics

Posted by Ophilia on Saturday, February 18, 2012 at 5:32pm.

Bubba's Burgers sells hamburgers in a perfectly competitive market at a price of $1.50 each. At the profit-maximizing (cost-minimizing) level of output, average total cost is $1.90 per hamburger and average variable cost is $1.75 per hamburger. Should the firm continue to operate in the short run? Explain.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Economics - Yeah, so I'm in urgent need of help with this homework. 1. Assume ...
Economics/Math - In a perfectly competitive industry, the market price is $25. A...
Economics - The market for fertilizer is perfectly competitive. Firms in the ...
economics - A profit-maximizing firm in a competitive market is currently ...
To: Economyst - Hi there. You helped me with a couple of questions regarding ...
Microeconomics - A monopoly firm is faced with the following demand function P...
Help-Econ - Okay, this is due Tuesday. I'm woking on it but if anyone can help ...
Economic - How is income distribution affected in monopolies? The market for ...
microeconomics - You are given the following information about the costs of a ...
Microeconomics - A profit-maximizing firm in a competitive market is currently ...

Members