Darlene runs a fruit and vegetable stand in a medium-sized community where there are many such stands.Her weekly total revenue equals $3,500.Her weekly total cost of running the stand equals $3,500,consisting of $2,500 of variable costs and $1,000 of fixed costs.An economist would likely advise Darlene to:
A) shut down as quickly as possible because the stand is generating losses.
B) keep the stand open because it is generating a normal profit.
C) keep the stand open for a while longer because she is covering all of her variable costs and some of her fixed costs.
D) keep the stand open for a while longer because she is covering all of her fixed costs and some of her variable costs.
Correct Answer:
Verified
Q94: Exhibit 12-5 Q95: In long-run equilibrium under perfect competition:![]()
A) price