-The figure above shows Firm X.The firm is operating in the ________ because it ________.
A) short run; minimizes its loss when it produces 100 units
B) short run; maximizes profit when it produces 110 units
C) short run; minimizes its loss when it produces 110 units
D) long run; minimizes its loss when it produces 100 units
E) long run; maximizes profit when it charges $30 per unit

Question

-The figure above shows Firm X.The firm is operating in the ________ because it ________.
A) short run; minimizes its loss when it produces 100 units 
B) short run; maximizes profit when it produces 110 units 
C) short run; minimizes its loss when it produces 110 units 
D) long run; minimizes its loss when it produces 100 units 
E) long run; maximizes profit when it charges $30 per unit

Quizplus · Accepted Answer

The Answer of 
-The figure above shows Firm X.The firm is operating in the ________ because it ________.
A) short run; minimizes its loss when it produces 100 units 
B) short run; maximizes profit when it produces 110 units 
C) short run; minimizes its loss when it produces 110 units 
D) long run; minimizes its loss when it produces 100 units 
E) long run; maximizes profit when it charges $30 per unit

-The Figure Above Shows Firm X