Question 9 EMSN corn Hotmail, Outloo × Chamberlain University > Week 3: MEL Home

Question

Question 9

EMSN corn Hotmail, Outloo × Chamberlain University > Week 3: MEL Homework × @Du Homework Pamela Ha. X oe https://wwwmathxl.com/Student/PlayerHomework.aspx?homeworkid-4581 74912&questionid;=18 asearch Principles of Economics Pamela Harris | 11/10/17 11:12AM Homework: Week 3 Homework 35 pts Score: 0 of 1 pt Checkpoint 2 Problem 2 Save 9 of 35 (7 complete) HW Score: 20%, 7 of 35 pts Question Help * Rose growing is a perfectly competitive industry and all rose growers have the same costs. The market price of roses is $25 a bunch and each grower maximizes profit by producing 2,200 bunches a week Average total cost of producing roses is $14 a bunch and average variable cost is $7 a bunch. Minimum average variable cost is $3 a bunch. What is the price at the grower's shutdown point? The price at the grower's shutdown pont is Sa bunch Login Word Document/ Word Enter your answer in the answer box and then click Check Answer Check Answer javascript.doFxercise() 1:12 PM Type here to search 11/10/2017

Explanation / Answer

Shut down prices are prices which is min of AVC. Thus Min of AVC=3 thus firm shut down prices is also 3.

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.