Let us suppose Harry's, a local supplier of chili and pizza, has the revenue and cost structure shown here.
A)Harry's should shut down in the long run.
B)Harry's should shut down in the short run.
C)Harry's should stay open in the short run.
D)Harry's should stay open in the short run but shut down in the long run.

Question

Let us suppose Harry's, a local supplier of chili and pizza, has the revenue and cost structure shown here.
A)Harry's should shut down in the long run. 
B)Harry's should shut down in the short run. 
C)Harry's should stay open in the short run. 
D)Harry's should stay open in the short run but shut down in the long run.

Quizplus · Accepted Answer

The Answer of  Let us suppose Harry's, a local supplier of chili and pizza, has the revenue and cost structure shown here.
A)Harry's should shut down in the long run. 
B)Harry's should shut down in the short run. 
C)Harry's should stay open in the short run. 
D)Harry's should stay open in the short run but shut down in the long run.

Let Us Suppose Harry's, a Local Supplier of Chili and Pizza