Answer Happy

Question 5 a.) With the concept of profit maximization in the short run, draw the marginal revenue or marginal cost approach graph for a firm that has to shut down. b.) With the concept of profit maximization in the short run, draw the marginal revenue or marginal cost approach graph for a firm that earns an economic profit. C) With the use of demand and supply analysis and illustrations, if the price of ingredients for making an Indian Lamb Curry has decreased, what will happen to the equilibrium P and Q of curry. Discuss.