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Home Q & A Board Other Fields Homework Help Business Economics
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thanhha78 thanhha78
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6 years ago
If price is less than average variable cost at a level of output where marginal revenue is equal to marginal cost, then in the short run the firm
A) will produce only if they can decrease their fixed costs.
B) should gather more data to determine whether to shut down.
C) should shut down.
D) should produce the level of output where marginal revenue equals marginal cost.
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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thanhha78 Author
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#2
6 years ago
you're honestly amazing, thank you
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