The graph shows the short-run cost curves of a toy producer. The market has 1,000 identical toy… 1 answer below »

The graph shows the short-run cost curves of a toy producer. The market has 1,000 identical toy producers. The market price of a toy is $21 In the short run, the firm produces toys a week. The firm Price and cost (dollars per toy) 27 MC in the short run. 21 18- makes zero economic profit makes a positive economic profit incurs an economic loss ATC AVC 1000 1500 2000 2500 Quantity (toys per week)

Don't use plagiarized sources. Get Your Custom Essay on
The graph shows the short-run cost curves of a toy producer. The market has 1,000 identical toy… 1 answer below »
Just from $13/Page
Order Essay

Attachments: