What should you do?
Select a firm of your choice
Explain the production costs of this firm before the peak of COVID-19
Explain the effects of COVID-19 on the production costs of this firm
Could you make a prediction of the production costs of this firm post-COVID? Explain.
Important!
In your explanation, specify whether the firm’s decision to outweigh the effects of the COVID-19 is a short-run or a long-run decision. Moreover, when you present the production costs, explain whether they are short-run costs or long-run costs.
Feel free to use graphs, case studies, or references to make your case. Just make sure to properly cite your sources.
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