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Home Q & A Board Other Fields Homework Help Business Economics
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sinerus sinerus
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6 years ago
If your firm is producing a good at a level where marginal revenue equals marginal cost, and price is less than average variable cost, then in the short run your firm should
A) shut down and suffer a loss equal to your fixed costs.
B) continue to produce, but decrease output.
C) continue to produce, but increase output.
D) continue to produce the same amount.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Lightman030Lightman030
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6 years ago
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sinerus Author
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6 years ago
You make an excellent tutor!
sadiewolf
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
kater28
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2 hours ago
Good timing, thanks!
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