Perfectly competitive firm produces

Reference no: EM13696667

Even if a perfectly competitive firm produces at a loss in the short run, continued production is preferable to shutting down as long as

A. total losses are less than total fixed cost

B. total revenue exceeds total fixed cost

C. price is below marginal cost

D. total variable cost exceeds total revenue

E. average variable cost exceeds price

Reference no: EM13696667

Questions Cloud

Most liquid component of the money supply : Which of the following is not true about M1 (The most liquid component of the money supply)?

The market supply curve for a perfectly competitive : The market supply curve for a perfectly competitive, constant cost industry is

The theory of comparative advantage recommends : The theory of comparative advantage recommends a country produces goods where:

According to the neoclassical school of economics : According to the Neoclassical School of Economics, the market institution should ensure:

Perfectly competitive firm produces : Even if a perfectly competitive firm produces at a loss in the short run, continued production is preferable to shutting down as long as

Fiscal policy can be used to achieve : According to Keynes, fiscal policy can be used to achieve:

Indicate that a perfectly competitive firm : Which of the following conditions would indicate that a perfectly competitive firm should expand its output to increase its profit?

Regulators manage the moral hazard from various protections : Describe ways in which bank regulators manage the moral hazard from the various protections given to the banking industry. Suppose you are graduating and your rich Uncle makes you an offer. You can accept $5,000 from him today or wait 3 years and rec..

Evaluating projects-robotic-transfer machine was installed : An evaluating projects, Lead Tech’s engineers use a rate of 15%. One year ago a robotic-transfer machine was installed at a cost of $38,000. At the time, a 10-year life was estimated, but the machine has had a downtime rate of 28%, which is unaccepta..

User Account

All Pages