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Title: Assume that at the current level of output, price equals marginal revenue, but is less than average ... Post by: insherro on Jan 23, 2017 Assume that at the current level of output, price equals marginal revenue, but is less than average total cost. So long as price is greater than average variable cost, the firm should continue to operate in the short run to minimize its losses.
Is this statement true or false, please advise Title: Re: Assume that at the current level of output, price equals marginal revenue, but is less than ... Post by: toogoo on Jan 23, 2017 Content hidden
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