Week 4 Discussion Questions Initiate a thread to answer ALL the questions by Friday 11:59pm ET and respond to at least two peer’s threads by Sunday 11:59pm. Based on the following figures of a firm under a perfectly competitive market, discuss the firm’s revenue status and decision of operation in a short run. Specifically, answer (1) whether there is a profit; (2) whether the firm should shut down. 1a 1b 1c Suppose the quality of stitches increased making them both better and more expensive. Discuss how this would affect the demand and supply of stiches as well as the equilibrium price and quantity. Choose figure(s) from the study material file to support your thought. Use input market supply and demand curve to explain if there is an increase in the productivity of nurses at all health settings. Choose figure(s) from the study material file to support your thought.
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