A competitive firm maximizes profit at an output level of 500 units, market price is $24, and ATC is $24.50. At what range of AVC values for an output level of 500 would the firm choose not to shut down

A firm would shut down if its Current Price P < AVC (Current Price is less than the Average Variable Cost)

Thus, the condition for not shutting down of a firm is P > AVC (Current price is greater than the Average Variable Cost)

When AVC is less than $24, the firm will choose not to shut down because it is covering its variable costs at the current price

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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answer; sales of books;