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Home Q & A Board Other Fields Homework Help Business Economics
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Alek Hsiang Alek Hsiang
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Posts: 383
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5 years ago
If a firm's average total cost is less than price where MR = MC

• the firm should shut down.

• the firm should raise its price.

• the firm should continue to produce the output it is producing.

• the firm should cut back on its output to lower its cost.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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jenniferagrethejenniferagrethe
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5 years ago
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