Melet Plastics Inc. of Winnipeg is a plastic manufacturer that is producing 30 units of output. If Melet Plastics is selling this output in a perfectly competitive market at $8 per unit. On the assumption its TFC are $50 and its AVC is $7 at 30 units of output. Melet Plastics Inc. Multiple Choice should close down in the short run. is maximizing its profits. is realizing an economic profit of $30. is realizing an economic Loss of $-20. is realizing an economic profit loss of $50.

Melet Plastics Inc. of Winnipeg is a plastic manufacturer that is producing 30 units of output. If Melet Plastics is selling this output in a perfectly competitive market at $8 per unit. On the assumption its TFC are $50 and its AVC is $7 at 30 units of output. Melet Plastics Inc. Multiple Choice should close down in the short run. is maximizing its profits. is realizing an economic profit of $30. is realizing an economic Loss of $-20. is realizing an economic profit loss of $50.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter8: Perefect Competition

Section: Chapter Questions

Problem 11SQ

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