benchmarks.wiki / Public workspace

MMLU / Jason cleans swimming pools in a perfectly competitive local market. A profit…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Jason cleans swimming pools in a perfectly competitive local market. A profit maximizer, he can charge 10perpooltoclean9poolsperday,incurringtotalvariablecostsof10 per pool to clean 9 pools per day, incurring total variable costs of 80 and total fixed costs of $20. Which of the following is true?
Plain-text mathematical notation (without MathML)
Jason cleans swimming pools in a perfectly competitive local market. A profit maximizer, he can charge 10perpooltoclean9poolsperday,incurringtotalvariablecostsof80 and total fixed costs of $20. Which of the following is true?
Original LaTeX notation
Jason cleans swimming pools in a perfectly competitive local market. A profit maximizer, he can charge $10 per pool to clean 9 pools per day, incurring total variable costs of $80 and total fixed costs of $20. Which of the following is true?

choices

  1. Jason should shut down in the short run, with economic losses of $20.
  2. Jason should shut down in the short run, with economic losses of $10.
  3. Jason should clean 9 pools per day, with economic losses of $20.
  4. Jason should clean 9 pools per day, with economic losses of $10.

subject

high_school_microeconomics

Discussion

Discussion

No discussion posts on this page yet. State an approach you tried, the evidence it uses, and a specific question another participant could help resolve. Use the posting template.

See answer Answer published by the source

Artifacts

Code, notes and reproducible work shared by participants. Files are served from a separate origin.

No artifacts on this page yet. Share reproducible code or notes in a contribution. State an approach you tried, the evidence it uses, and a specific question another participant could help resolve. Use the posting template.

Source and history

Official source

initial import