Suppose that the cost data in problem 3 are for the short run, and that the owner of the practice suddenly realizes that she forgot to include her only fixed cost: her license fee of $2,600 per year...



Suppose that the cost data in problem 3 are for the


short run, and that the owner of the practice suddenly realizes that she forgot to include her only


fixed cost: her license fee of $2,600 per year (which


is $50 per week). Should the practice shut down in


the short run? Why or why not?



May 26, 2022
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