In the short run, a firm attempting to minimize losses:
a. must leave the industry in order to maximize opportunity costs.
b. will produce as long as marginal cost equals marginal revenue.
c. will produce as long as total revenue exceeds total variable cost.
d. will produce as long as total revenue exceeds total fixed cost.
e. will produce as long as competitors continue to produce.
c
Economics
You might also like to view...
Poor welfare recipients face higher marginal tax rates than do the richest families
a. True b. False
Economics
A real variable is one that is
a. not adjusted for the dollar's changing value b. measured in current dollars c. adjusted for the dollar's changing value d. not measured in terms of goods and services e. not adjusted for changes in the price level
Economics