AHHHH need emergency help in ECon :( got final tomorrow

kaiotes

Golden Member
Dec 31, 2000
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i was just do'n my practice prob and encountered this issue.
we're doing graphs involving demand, increaseing or constant cost industry.

my prob:
i have an decrease in demand, and we're in constant cost industry.
so
for the graph of the firm, i would have a movement along the MC curve toward the left.
and for industry, demand curve would shift toward left.
what is bothering me is that the point in SR, that MC will be below AC curve
is this oK????
if so i can finish off rest.
someone please help me out.
 

kaiotes

Golden Member
Dec 31, 2000
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vey much indeed UH OH
i thought over this , and i think its my desperate need thats do'n crazy things to my brain, muddying my brain.
i think the way i described the prob and way i did it is right, can someone please confirm.