When a firm minimizes its losses in the short run,
A. It continues to produce only if price exceeds average variable cost.
B. The firm enters or exits from the market.
C. It continues to produce only if price exceeds marginal revenue.
D. The firm makes an investment decision.
Answer: A
Economics
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What will be an ideal response?
Economics
Suppose the interest rate is 5 percent. Consider three payment options: 1 . $500 today. 2 . $520 one year from today. 3 . $550 two years from today. Which of the following is correct?
a. 1 has the lowest present value and 3 has the highest. b. 2 has the lowest present value and 1 has the highest. c. 3 has the lowest present value and 2 has the highest. d. None of the above is correct.
Economics