In the short run, a profit-maximizing firm in a price-taker market will definitely stop production if
a. economic profit is zero.
b. price falls below average total cost.
c. price is less than average variable cost.
d. it cannot completely cover its fixed costs.
C
Economics
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According to this Application, real GDP only grew by ________ percent from the end of the recession in 2009 through 2014
A) 2.0 B) 5.4 C) 10.8 D) 15.0
Economics
Featherbedding by unions is an attempt to
a. increase the demand for union labor b. increase the demand for non-union labor c. decrease the demand for union labor d. increase the supply of union labor e. increase the supply of non-union labor
Economics