When a firm incurs losses in the short run, the most important consideration in determining whether to continue producing is whether

a. marginal cost equals marginal revenue
b. average total cost is at its minimum
c. average variable cost is at its minimum
d. revenues cover some of its fixed costs and all of its variable cost
e. total revenue exceeds total cost

D

Economics

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Checking exchange rates, you find $1 equals 0.75 euros. Then the price of 1 euro is

A) $0.25. B) $0.75. C) $1.33. D) $4.30.

Economics

In a simultaneous game, players look forward and think back

Indicate whether the statement is true or false

Economics