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Profit maximizing quantity

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Lee, J Brand, Joe's Jeans, Paper Denim & Cloth, Levi's, Wrangler, and many others are all producers of jeans. J Brand jeans sell for $200 a pair. Suppose at the profit maximizing quantity, J Brand's ATC was $220 and AVC was $110, which statement is TRUE?

  • J Brand will produce in the short and long run.
  • J Brand will produce in the short run and shut down in the long run.
  • J Brand will produce in the short run but go out of business in the long run.
  • J Brand will shut down in the short run and go out of business in the long run.

Reference no: EM131114790

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