Eurocurrency activities take place only in Europe

A perfectly competitive firm will shut down rather than produce if its

A) price is less than average variable cost. B) price is less than total variable cost. C) total revenue is less than total cost. D) price is less than marginal cost.

Ford Motor Company started producing the Model A at plants scattered around the United States

A) to locate its production centers closer to its customers. B) because it was not able to attract skilled workers in Michigan (where its first plant was located). C) because diseconomies of scale at its initial River Rouge plant resulted in high production costs. D) to save on transport costs.