Question
. A firm has prospective sales of $50 million, fixed costs of $60 million, and variable costs of $40 million. What does the firm do (a) in the short run? (b) in the long run?
Answers
bobpursley
short run? loses 50 million the first year, the second year, makes 10 M, and then on makes 10 M a year, and so on.
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