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Practice Problem of the Day, 11/19/2013

November 19th, 2013 · 1 Comment
Practice Problem of the Day

This video goes through an example of producing versus shutting down in the short run and shows how to apply the shut-down condition. It also shows how to determine whether a firm would want to exit an industry in the long run The problem is taken from Principles of Microeconomics by Dirk Mateer and Lee Coppock, and is Ch. 9 problem #10.

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1 response so far ↓

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