(Answered) Portion of Short-run marginal cost curve

Economics

1. Use the following diagram to answer the next questions?

a. What the firm should do if the market price is equal to $54 (i.e. below $55)?

b. Does a firm earn profit or loss when the market price equals $105?

c. What portion of the Short-run marginal cost curve is the firm's short-run supply curve?

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Microeconomics, Economics

Category:- Microeconomics
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