Suppose you are a consultant for a firm that is perfectly, Business Economics

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Suppose you are a consultant for a firm that is perfectly

Suppose you are a consultant for a firm that is perfectly competitive. The firm is worried only about its policies in the short run. What would you recommend in terms of quantity changes (raise, cut, shut down or stay put) and price changes (raise, cut, stay put) in each of the following situations: a. P=$27 MC=$12 AVC=$33 b P=$99 MC=$54 AVC=$63

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Business Economics: Suppose you are a consultant for a firm that is perfectly

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