How does a firm that is losing money in the short run decide whether to shut down or continue to produce to minimize its losses?
What will be an ideal response?
The firm should continue to produce in the short run if TR exceeds TVC; if TR falls below TVC, the firm should shut down.
Economics
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If there are only two firms in an industry, the value of the Herfindahl index must be 5,000
a. True b. False
Economics
Borrowing VCU3 from an online company cause the nation's:
a. Monetary base to fall. b. M2 money supply to rise. c. M2 money multiplier to remain the same. d. M2 money supply to fall.
Economics