What is your response to that decision

Reference no: EM132886039 , Length: word count:100

Microeconomics - Decisions, Decisions

MisstheMark INC. has fallen on hard times since 2016. Prices have fallen for their main product, the electric typewriter. At this point, the average fixed costs for their product is $20 while their total cost is $150. The market price is only $140, so the firm is losing $10 on every typewriter sold. In spite of these losses, management has suggested keeping the firm open. As the single largest shareholder of the firm, what is your response to that decision? Why is this your response? Minimum 100 words

Reference no: EM132886039

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