Acompetitive firm maximizes profit at an output level of 500 units, market price is $15.00, and atc is $15.75. at what range of avc values for an output level of 500 would the firm choose not to shut down in the short run?
choose one:
a. avc < $24
b. atc< $25.25
c. afc $25.25
d. atc> $25.25
e. avc> $24
f. afc $24

Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area? a. when more people have children, their incomes tend to be higher and the housing prices are also higher. b. older people are more likely to stay in their houses, creating a seller's market that keeps prices low. c. an area with a lower population density won't have enough construction workers to build new houses quickly. d. an area with younger people will have a higher demand for rentals and a lower demand for buying.