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PaulKet PaulKet
wrote...
Posts: 488
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6 years ago
If a firm doesn't make an economic profit, it will shut down.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 49 times
1 Reply
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

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wrote...
6 years ago
False. The firm compares its losses from operating with its losses when shutting down and will shut down if the latter loss is less.
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