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  3. 10 suppose that the manager of a firm operatin

10 Suppose that the manager of a firm operating in a...

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Accounting

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Suppose that the manager of a firm operating in a perfectly competitive market has estimated the average variable cost function to be: AVC=4.00.0024Q+0.000006Q2 Fixed costs are $500. If the firm shuts down, how much profit (loss) will the firm earn? Multiple Choice $57 $943 $500 zero

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