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The table in the previous question shows Jensen's output (sandwich) and costs, a perfectly competitive firm. Jensen's fixed cost is $9 per hour. The...
The table in the previous question shows Jensen's output (sandwich) and costs, a perfectly competitive firm. Jensen's fixed cost is $9 per hour. The current market price is $6. What is Jensen's shut-down price?
$5 per sandwich
$3 per sandwich
$4 per sandwich
$6 per sandwich
$1 per sandwich