Demand and cost conditions facing Trollio’s T-shirts $ MC ATC 16 Dollars 15 10 LO MR 0 20 50 60 Number of silk -screened T shirts per day Figure 11.1…
Demand and cost conditions facing Trollio’s T-shirts$MCATC16Dollars1510LOMR02050 60Number of silk -screened T shirts per dayFigure 11.127)Refer to Figure 11.1. If Trollio’s T-shirts is in long-run equilibrium it is producingsilk-screened T-shirts and selling each T-shirt at a price of27)A)50; $ 163’60; $15C)50; $10D)20; $5
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