The term shutdown
a. and the term exit both refer to short-run decisions that a firm might make.
b. and the term exit both refer to long-run decisions that a firm might make.
c. refers to a short-run decision that a firm might make, whereas the term exit refers to a long-run decision that a firm might make.
d. refers to a long-run decision that a firm might make, whereas the term exit refers to a short-run decision that a firm might make.
c
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The buyer's reservation price for a particular good or service is the:
A. largest price the buyer would be willing to pay for it. B. smallest price the buyer would be willing to pay for it. C. price the buyer must pay to ensure he or she gets it. D. same as the market price.
Both optimization in levels and optimization in differences:
A) consider only the benefits from different alternatives. B) consider only the costs incurred in different alternatives. C) provide identical answers when comparing two alternatives. D) require the calculation of change in net benefits of switching from one alternative to another.
Dividing the dividend payment by the stock's ________ determines the dividend yield
A) closing market price B) highest yearly price C) coupon payment D) price/earnings ratio
Explain the theory behind convergence and why it is a "deceptively simple" theory
What will be an ideal response?